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


To: joe who wrote (23303)10/28/1998 12:37:00 AM
From: joe  Read Replies (2) | Respond to of 45548
 


To all;

IMO, the stock is going to follow the market - Naz-100.

This stock is too strong to do otherwise. Institutionals
are buying. If Naz-100 goes up and COMS doesn't, then
it's rejection by some of the bigger players. I doubt it.
I don't think the last 3-5 days have been false buying
by institutionals. But, otoh, they haven't jumped in
100% either. Tomorrow, or the next day, if COMS gets
too low, big $$ is going to buy the bargain. So, buy
your bargains soon, COMS is popping back up soon. If not,
then the Naz is tanking big again. JMO.

fwiw...I don't have any problem with posters saying COMS
is going down to 25<g>

Another thing. I'll bet we've lost plenty more weak hands.
COMS is driving some folks crazy, and it's hard to stay
with it unless you really have patience. Just the type of
scenario big buyers like to create before they back
the truck up again....kinda of what ya'll are doin'<g>.

joe



To: joe who wrote (23303)10/28/1998 8:55:00 AM
From: Wayners  Read Replies (1) | Respond to of 45548
 
No, looking at the long term channel lines for this one. Longer term top of the channel uptrendline connecting highs on 15 Jul, 19 Aug, 23 Sep and 26 Oct is parallel with longer term bottom of the channel uptrendline connecting lows on 31 Aug and 8 Oct. It takes two points to draw a line (trendline) and a third point to confirm it.