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

To: TechMeister who wrote (21033)	8/28/1998 5:06:00 PM
From: lib	Respond to of 45548

Although I'll admit to seeing my portfolio dwindle somewhat throughout the past week, it could have been worse. You feeling sorry for me is not really all that necessary. However, I thank you for the sentiments anyway. Uncouth language? Could you be a religious right-winger? Fuc* & Shi* - now that's uncouth language. Anyway, saw the same break you did, but I saw the same break in just about 75% of stocks trading on the market throughout this week. My timing could have been better on COMS because I felt support would have come forward at 27. However, with the turn the market took this week, this drove back support to the mid 25's. I bought at 28. I could and should have perhaps bought in and around 26-27. That's my loss, and I apologize if I was taking it out on you, although I still believe TA (which is basically what I survive off of) is futile. Next week for all intents and purposes should be better. Looking at this as a nice position hold up to the mid-thirties (if markets go well) before and after earnings announcement.

To: TechMeister who wrote (21033)	8/28/1998 11:32:00 PM
From: Mr. E2u	Read Replies (2) \| Respond to of 45548

Hi there. I'm looking to re-enter coms probably next week. I saw the weakening TA (fell through 50 DMA) and got out just under $29 although I promised myself to get out if we closed under $30. I used TA to get out before the market meltdown and the international news just added to my desire to sell. I held some calls from just before the last earnings so I was getting sick of the roller coaster ride. I did double my money (bought $1 3/8 and sold $3 and part at $2 3/4) so I can not complain. Where do you see us going from here? Depending on the overall markets of course......I'm hoping for a retest of $24 but I may have to buy in when/if we get near $25 just because a point is worth not losing the opportunity to get in even now may be good but I rather wait. I think the shorts want to push coms to $24 again one last time before earnings and then IMO with earnings at least in line, back above $30 for good (or until the bear comes). Technically this would also form a "triple bullish divergence" and would be an excellent signal to buy long. What do you think and what do you see from your TA window assuming the markets will at the least stabilize next week. Thanks for your opinion. Regards Brad