Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: chenys who wrote (23654)	10/31/1998 5:03:00 PM
From: Steve Porter	Respond to of 45548

Q.Y. Let me spell out a couple of reasons why TA based on the past 2-3 months will not work going forward. reason 1): COMS is getting more press (it is a top pick). This brings in a different brand of investor. A brand of investor that doesn't know about TA or how to use TA to play a stock. reason 2): The last 3 months have been relatively weak in terms of volume. Going forward with the renewed interest of the general public volume will be higher, meaning that any bases, resistance points, etc. that were formed in the last 2 months will have less signifigance going forward (simple volume ratio thing here). reason 3): The last 2-3 months of trading were controlled more by world-wide concerns than anything that actual has anything to do with COMS. Going forward the international outlook is looking better everyday. This different set of market conditions again has a different mean for a stock and it's movement. Steve