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

To: Steve Porter who wrote (23978)11/3/1998 7:58:00 PM
From: matt fahy  Read Replies (2) | Respond to of 45548
 
But COMS sure did close the gap today from last week.

quote.yahoo.com

Where will the bottom be for COMS before it trys $37-38 again? Do you know what the ST channel looks like?




To: Steve Porter who wrote (23978)11/4/1998 10:28:00 AM
From: joe  Read Replies (2) | Respond to of 45548
 


Steve,

I think it took a deep dive for COMS to shakeout weak hands.
A 1/2 to 1 pt drop would only inspire more exuberance.

Not only traders and shorts need to be shaken out,
BUT, longs that have bought recently
thinking they're latched on to an easy winner. Institutions
want to shake every non hard-core holder from their positions
and snap up shares for themselves.

joe


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