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

To: Wayners who wrote (22875)	10/18/1998 10:37:00 PM
From: 45bday	Read Replies (1) \| Respond to of 45548

Long in COMS and have enjoyed your posts of late. I am less of a trader, and would appreciate your explaining how you determine when and where to set your buy stop after selling. For example if you sell COMS tomorrow at 33 what would prompt you to put in a buy stop. Also, do you always cover your buys with stop loss orders. Thank you.

To: Wayners who wrote (22875)	10/18/1998 11:48:00 PM
From: matt fahy	Read Replies (1) \| Respond to of 45548

Thanks for posting your Monday COMS analysis. Do you only look at COMS price action or do you consider overall market action as well? I have cash ready to put to use and was thinking of shorting something if it gaps up or is up in the morning. I think there may be early morning buying because investors may think they will miss a fast runup with the interest rate reduction (even though the fast runup substantially occurred last week imo), alot of stories on this over the weekend.

To: Wayners who wrote (22875)	10/19/1998 12:35:00 AM
From: Raymond James Norris	Read Replies (1) \| Respond to of 45548

Wayne, I disagree with your logic. Look at the OBV, RSI, and DMI on the Weekly Chart. All are in strong uptrends while the stock has yet to emerge into one. This can only mean that these leading indicators are showing the underlying strength that will become apparent in the stock price soon. I think people selling at 33 will regret it as COMS moves past that price. The volume was nice and strong Friday with the price continuing upwards above its 200 DMA. Before long, it will be testing 37, IMO (within 1-2 weeks). Conservatively Yours, Raymond J. Norris

To: Wayners who wrote (22875)	10/19/1998 10:34:00 AM
From: joe	Read Replies (1) \| Respond to of 45548

Thanks Wayne. >>I feel like we're overdue for a gap down.<< Looks like we got our gap down this morning and we've almost already covered it. Maybe that indicates positive demand. Also, INTC/SHIVA might have had something to do with gap down. >>Beware of the $33 resistance level. Its always better to take profits and set a buy stop higher rather than risk a drop of a point or two.<< Yeah, I've been thinking about this strategy. It's something new, so I have to get use to the idea. We'll see how the market goes. If rate-cut fever gets a hold of the market, there might not be any resistance anywhere. joe