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


To: matt fahy who wrote (23325)10/28/1998 9:46:00 PM
From: Steve Porter  Read Replies (2) | Respond to of 45548
 
Matt,

Well, based on the strong performance of COMS today to reverse yesterdays downturn indicates to me that:

Not many people were willing to sell COMS shares at this price. This to means that the stock has momentum.

If you look at the chart it has been a couple of weeks since COMS had sustained selling. This also indicates that people don't just want to sell COMS and that any selling is most likely people taking profit. This bodes well, for while it may make the ascent more slow (with profit taking along the way), we are also building support each step of the way.

In short Matt, today proved to me that COMS stock has turned the corner much like the company.

Just MHO ofcourse.

Steve