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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?


To: Daniel Levin who wrote (20245)8/6/1998 7:15:00 PM
From: Bruce L  Read Replies (1) | Respond to of 45548
 
<Now get me 15 more points,>

I agree with William. Tomorrow is a key day. If traders can stomach holding COMS over the weekend without our losing the gains of the past 3 days then I think we will be on our way to that goal.

My own prediction is that we will hold the gain - and with a little help from the overall market - add some more. As momentum builds up the gains will be larger and larger, but it's unrealistic to expect too much too soon. COMS has many, many doubters - as is perfectly apparent from this thread - and many of these will unload as we move up towards 30.

FWIW all TA indicators are positive or improving: Money flow which has been negative for some time reached perfect equilibrium of 0; MACD, CCI, and momentum while still negative are all improving; relative strength at 0 also is in the oversold position from which many classic uptrends start; as to the DMI indicator, +DI looks to cross -DI hopefully tomorrow which would be very positive; finally Stochastics: %K crossed over %D 2 days ago, a clear cut bullish indicator, I'm informed.

Nothing in life is certain. It may take some patience but cream usually rises to the top. Here's hoping all us COMS bulls can become filthy rich in the next 6 months!