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: Steve Porter who wrote (23778)	11/2/1998 11:43:00 AM
From: DownSouth	Read Replies (2) \| Respond to of 45548

I heard that COMS was about to get into the network attached storage business (thestreet.com). Sorry I don't have a URL. One was sent to me and is on this board, but it doesn't go to the story and I don't have a subscription. Anyone have a cite with some good detail?

To: Steve Porter who wrote (23778)	11/2/1998 12:05:00 PM
From: joe	Read Replies (1) \| Respond to of 45548

Steve, >>Toady's action looks like a base is forming.. your thoughts? (i.e. a lot of volume but no price movements).<< Well, price movement is very steady between 36.5 and 36.75. See: quote.yahoo.com Note how we were going down rapidly to test 36 and somebody came in with a 300K slug. I'm think that institutions consider that a bargain now, and possibly not much down side below 36. Volume is twice as good as an average good day. That tells me more institutionals are buying the story. Base forming....historically, base forming is going lower and oscillating. Maybe we do that later...time will tell. Otoh, institutionals are in Phase II of getting in, so we may be pushing higher or maybe there are enough sellers at the moment to fill the new institutionals needs. The real test will be how we do when testing 37. We need to know how many shorts, traders, mo-mos are in, or get in at that point. Some of these guys are on our side at least. More later, joe