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

To: joe who wrote (22849)	10/16/1998 11:15:00 AM
From: matt fahy	Read Replies (1) \| Respond to of 45548

joe, Fore has been in very oversold position around $9-10.5, I traded it profitably a couple of times already, buy at $10 or lower and sell when it is in profit .50 -$1.00 (two round trips in last week, pretty good for me anyways). I think it has to close the gap to $15-16, so momentum is up but hits selling when it runs up too fast. I am using some of the criteria Wayne has been posting, but with my own flavor put on it and I am not sitting by a realtime chart all day, have a day job. Plus I am not as knowledgable to day trading as Wayne, I just try and be patient for very oversold and overbought positions and try my best to capitalize on them, it's not easy as you know. But the company still has great prospects plus buyout is possible with this stock much more so than COMS. I trade mostly between coms and fore whichever looks stronger or better trading opportunity. I think it will get to $15 fairly soon but am expecting some consolidation/basing here as well for overall market. Rate cut puts a big spin on it but again I agree with Wayne that market will price this in fairly quickly, imo. Matt