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

To: joe who wrote (23172)	10/23/1998 3:59:00 PM
From: matt fahy	Read Replies (1) \| Respond to of 45548

I just sold and am sitting on sideline with the fuz...I will get back in next week at the lower end of channel if I can or if it looks like breakout will jump back on, but taking Wayne's advice that most breakouts are false although it seems we are in a pretty strong uptrend just not sure how much further we can go without a little pullback. Trade netted to small gain with high cost basis so I am more comfortable here to miss a jump vs. be carried down on margin. So expect a gap up monday :*)

To: joe who wrote (23172)	10/23/1998 10:01:00 PM
From: matt fahy	Read Replies (2) \| Respond to of 45548

>>The thing is: Who's buying? Who needs COMS that bad 1/2 hour before the weekend?<< Who needs COMS that bad Monday morning? Contrarian: Looking for gap down to $32 area (lower end of channel?) to refuel and then take out $33 with a vengeance (Mon/Tues). Although I must admit low volume on slight down day looks like sellers exhausting at $33 maybe market is ready to take next leg up. >>I'm watching Fore also, trying to compare both.<< Fore was up approx. 26% this week ($12.5 - $15.75) and COMS up approx. 7% ($30.75 - $33), I should have kept Fore longer, $16.5 looks like where the first major gap is closed so I am not sure what will happen here ST. I don't know if it will close the $13-$14 gap on Thurs open of this week or not, if market rallies probably not. Naz was up almost 5% and Dow was barely positive for the week. Looking further at dow and naz, it looks like dow diverged from naz rally, if dow comes back monday it looks like rally continues. Article on Fore ATM InternetWeek Best of Breed Award Message 6142780