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


To: matt fahy who wrote (23173)10/23/1998 4:14:00 PM
From: Bruce L  Read Replies (2) | Respond to of 45548
 
FWIW it seems to me that COM$ is gathering for a big leg up. Wednesday we had a marubozu ( stock rose steadily from the opening with a close virtually at high). Thursday we held above 33 which has been a key resistance point and the high water mark for past 6 months. Today we held 33 in a weak Friday PM market - until we pulled back just before the close. With a strong market Monday we could have a gap up of $1 + .

So from my viewpoint - both technically and fundamentally- COM$ looks very good.