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

To: 45bday who wrote (23324)10/28/1998 7:32:00 PM
From: matt fahy  Read Replies (1) | Respond to of 45548
 
I never got back in this morning (day job) for ride back up so I shorted COMS end of day at $33 7/8 and am holding overnight. Plus SI was down all afternoon for me. I will cover short at -$31 or $35.5 whichever comes first, but looking for $30ish.

Any TA's with an update on channel and trendlines? Did COMS hold the uptrend today with this comeback or is it another headfake?

Low volume today...Gap down tomorrow? ;o)



To: 45bday who wrote (23324)10/28/1998 9:43:00 PM
From: Steve Porter  Read Replies (1) | Respond to of 45548
 
Solution,

Hopefully wayne will agree with me today. COMS showed incredible strength today. This should be an indication of a longer-term upswing in COMS share prices (which is one reason why I got back in). I was expecting COMS to break down today, and it really didn't. On this strength I would put COMS as "Accumulate" (which means don't bet the farm, but now is as good as ever).

Steve



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