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

To: Mang Cheng who wrote (21098)	8/31/1998 7:48:00 PM
From: joe	Respond to of 45548

Mang, >>Couple posters on the Yahoo board commented that the chart of coms show accumulation throughout the last couple weeks and even in today's action. I also saw the same thing on my TC2000 chart. I'll go home tonight and look at the chart again. I think we should see some big bounce after labor day and that 7200 should be a very solid resistance.<< I agree. I can see the obvious accumulation. Volume is incredibly bare compared to the other major Naz stocks. I think the sellers are people getting pushed out by margin calls and some 2-bit shorts. When this is over, IMO, we are being technically setup for a cannonball run up to the mid 40's. We might have to wait longer than labor day though, if the market is still tanking around that time. joe