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: Wayners who wrote (24456)	11/12/1998 5:26:00 PM
From: joe	Respond to of 45548

Wayne, thanks for the analysis. I have to do some work at the moment, but I'll scrutinize your post later. RE: quote.com I don't have access to this (probably because I don't have JAVA capability). If anybody can check this, it would be appreciated. Hmm, scaring the pants off the shorts? They weren't too scared after yesterday's big opening. joe

To: Wayners who wrote (24456)	11/12/1998 5:33:00 PM
From: TechMeister	Read Replies (2) \| Respond to of 45548

Wayne: Dell missed whisper by 3 cents...NAZ futures down big. I think we will see a gradual NAZ decline from here to consolidate around 1800 and DELL at 60 or so. The IRAQ war situation will keep a lid on the market for two weeks. Plus if FED doesnt ease, its gonna be a downhill ski trip...All of this put together, means COMS stays below 35 for now...What the heck was the quick rise from 34 to 35 in the end with a weak market all about?? Looked very abnormal, kinda like a buy out leak or something (see ASND also)

To: Wayners who wrote (24456)	11/13/1998 7:41:00 AM
From: chenys	Read Replies (2) \| Respond to of 45548

Wayne: If you used the close prices (which are more reliable), 35 would have been exactly on the down trend resistance you were talking about. Since you used the intraday prices, you saw 35 as slightly above the trend line. The closing price was raised to 35 right before the closing bell (last 1-2 minutes at ~160k shares), which makes one very suspicious of what this big block buy that did it was all about-trying to create an illusion of breaking the down trend? or someone wanted coms real bad? or shorts got pants wet on the run-up of 1 11/16? There still could be a measured move even if it goes beyond 35 today, which is doubtful, and continues its consolidation. In this scenario, the down trend becomes the support of further slide. I believe 28-30 is still quite likely. The bottom line is that unless a buyout is substantiated, there is little hope that it would go too much beyond 35, if it does go up, in the week to come. After hour coms was at 34 3/4 -7/8 area, suggesting the general perception of today's direction. That DELL missed the whisper number of 30 cents by two cents is not going to help anyone today either. DELL used to beat the numbers by 20-25%, quarter in, quarter out. -q