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

To: Wayners who wrote (22833)	10/15/1998 9:46:00 PM
From: joe	Read Replies (2) \| Respond to of 45548

Wayne, >>This rate cut, largely unexpected is a BIG DEAL. Overseas markets will be up strong overnight and S&P Futures will be up strong as well.<< That's what I figure also. BRAZIL and MEXICO were up big. >>so depending on how big the gap is will determine whether it is hit with profit taking. Uptrendline is now at just under $30 even. If it gaps up to anything near or over $32--take profits. $32 and up is at the topside of the upchannel.<< We're already at $31 so "a gap" would put us very close to $32, o/wise it's not a gap, right? So, by your logic, we should take a profit tomorrow most likely. DO YOU SEE ANOTHER CLOSING OF A GAP? IMO, very good chance we will see a retest of $33 tomorrow IF we get "a gap". >>When we get to retesting $33 and change--consider protecting your profits by selling<< Does this mean you think the retest will fail? But possibly there will be another retest shortly after depending on how excited the market is with the rate-cut. >>Buy anything close to $30 tomorrow if seen.<< If big institutions are thinking this, then anybody holding shares will make at least 2 or 3 nice juicy points. IMO. Wayne, what about "go with the trend" motto for tomorrow? I think that's what I'll try to do. Are you going to be in COMS or do you have bigger fish to fry?