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


To: Steve Porter who wrote (24465)11/12/1998 8:32:00 PM
From: joe  Read Replies (1) | Respond to of 45548
 
Steve,

>> Today's action neither encourages or discourages me.. the volume was too light to mean much of anything..<<

I don't know Steve. I think you should think through today
a little more. Something definitely was different even from
the start.

We've been have very slow starts (except
for yesterday, which was just an aberation from INTC), but
today, from the get go, it was moving like the previous week
or so. I thought volume might drop off to a stall and price
would resume sinking down, but the price kept steady, then at
the last hour, volume was HEAVY. So,
something happened, NOT randomness, and it got pegged to 35.
AND YET, the volume was still low compared to when we were moving up nicely a week ago and more. So, low volume will still take us up easily, IMO.

If I had cash, I'd be hoping for a pullback to 34 to 34.5, and
then buy some more. I think we could be retesting 36 and
upward soon. I think as Wayne said, the morning will tell
us if we've sort of reversed the mini-trend.

JMO,

joe