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

To: Steve Porter who wrote (23643)	10/30/1998 4:38:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

Steve, Well, I am exhausted...time for Wendy's junk food. Maybe I'll come back later. Overall, I would say I am satisfied with the day (understatement:-) >>I don't see any reason why we won't get tehre by wednesday of next week.<< Hope you're right. You know, maybe shorts will be enboldened to jump on .... sounds stupid, but remember, there are guys like buzz still around. Today's activity might have been partly short squeeze, who knows... for those uninitiated to the stock, today is was a total surprise. Shorts, though, are usually smarter than longs, being that it's a much harder game. Well, if I had my champagne bottle with me, I'd offer you a glass, and say "here's to the begining of a properous future":-) joe

To: Steve Porter who wrote (23643)	10/30/1998 9:38:00 PM
From: chenys	Read Replies (2) \| Respond to of 45548

Steve: Good call. But two days ago the sharp uptrend, linking ~25 3/8 with ~30 1/4, was broken, now while the rebound has been strong, the close is right at the resistance, meaning exactly where that trend line is. Then look at the huge OI's for Nov 35 calls and puts, it looks like we will have some fun next week. With the stochastic at 90%+ and RSI at >70%, how would you hope for further run-up? Mind some comments? It seems to me that today's gap is very funny, and it would be interesting to see how we are going to label this gap in the future. Do you still think that Wayne's TA is not going to do it this time?