Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: joe who wrote (22609)	10/8/1998 4:24:00 PM
From: Wayners	Read Replies (1) \| Respond to of 45548

If there was lots of put buying, then MMs were writing the puts and shorting the stock as they went along--because we all know that after the 87 crash, its a big no-no for MMs to write naked puts. MMs are covered put writers. Yea, I agree that heavy put buying/activity is a good indicator of a short term bottom. I still expect COMS to hit high $23's/low $24s, however I'm looking for a rally to retest resistance at about $27. We'll either get a gap up tomorrow or a rally to $27--then its short time again.

To: joe who wrote (22609)	10/9/1998 1:13:00 AM
From: Bong Lewis	Read Replies (1) \| Respond to of 45548

joe, i think the worse is coms could go to 20. even that, i believe that coms will be 30, as the matter of time. Though COMS is not as hot as cisco or LU, but most of its bad news are out and it has gained back some reputation, so I feel more relief to get in at this level than I was before. If CISCO or LU were warning, their stock price would be suffer terribly.