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

To: Wayners who wrote (21219)	9/4/1998 4:43:00 PM
From: joe	Respond to of 45548

>>I figure the risk has got to be pretty low at this level.<< That's what I think. The only risk is market risk, but I think at a min 2/3rds of the correction is over if not more. >>What do you mean there's no shorts in this stock?<< Shorts don't want to hold stocks over the 3-day weekend. Who knows what's going to happen. I think Greenspan has a meet with Japanese official today...maybe they work something out and market opens big on Tuesday. Also, there was no snap back in the last 1/2 hour for COMS as there was in the DOW and Naz snapback. That had to be some definite short covering in the DOW and Naz. AND, would you want to short at a 52-week low, with low volume, on a holiday week?...suicide. >>Traders at the beginning of the day, according to briefing.com were talking about a selloff at the end of the day in advance of the long weekend.<< Yeah, it was talked about so much, that it happened before mid-day.. happened yesterday at close. Like you said, not many sellers left, just margin liquidators<g>. btw...barking.scam will get you in trouble if you take any of it the wrong way. I noticed it's more effective as a countrary indicator. Hope this market starts recouperating soon for us longs... joe