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


To: Barkat who wrote (23232)10/26/1998 2:22:00 PM
From: joe  Read Replies (1) | Respond to of 45548
 


Barkat,

>>I see a possible retreat to the 29 level,with upside limited to 38
barring any concrete news<<

Normally, I would agree with this. I didn't get a chance to
answer your last post, but basically I agree.

This time, something seems different. HEAVY buying the way
it appeared this morning seems unusual. Also, not a lot of
profit taking already, seems really unusual.

The block sizes bought earlier were the largest I've seen since
I can remember.

AND, we have the cable announcement later on. AND
NO CNBC RUMORS? OR CNBC NEWS ON COMS? (seems like somebody may know
something?)

Something seems off-kilter.

If we go to 29 it'd bet it won't be this
week, so I'd have time to dump some if I indeed was buying
prematurely, or if we get to 38 (or higher because of unexpected
good news) I think I'll have time for profit taking.

joe



To: Barkat who wrote (23232)10/26/1998 2:38:00 PM
From: joe  Read Replies (1) | Respond to of 45548
 


Barkat,

>>are you saying that you do not think that little gap this AM will get filled?<<

That was pre-filled. Look at a 5-day plot.

Also, right now we are at 34 11/16, somewhat close to our
high of the day. Doesn't this seem strange?

joe