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


To: The Insider who wrote (20357)8/10/1998 3:05:00 PM
From: Bruce L  Read Replies (1) | Respond to of 45548
 
<Volume very high on Sept25 calls. Any thoughts on the reason?>

It has to be positive. Buying fairly deep in the money calls indicates someone is reasonably sure COM$ is going higher.

Right now we are making no progress in breaking through resistance at 28 1/2. Some of you may remember that on the way down, support at 28 1/2 held for four days. Old WS saying: Previous support becomes resistance. If we are seeing the converse of this downturn, then we will have 2-3 more days below 28 1/2 before a quick move to 30. I think this scenario is a good bet.