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

To: matt fahy who wrote (24600)11/17/1998 10:01:00 AM
From: joe  Respond to of 45548
 


>>COMS hit $36 almost and dove right back to $35.25, pretty interesting<<

I know. Same yesterday, very early. The traders like
to do that, sweep both the up and down ranges and get
rid of buy/sell limits/stops.

yesterday, I sold some trading shares at 35 1/8 for
protection. It didn't look good for the Naz, but COMS
was very strong. It's looking strong today also. I would
like to buy them back, but lower.

Options week is usually a good trading week, IMO, cause
I doubt we will break any new highs, and there are less
fake outs by the MMs. IMO.

good luck,
joe



To: matt fahy who wrote (24600)11/17/1998 10:08:00 AM
From: Igor  Read Replies (1) | Respond to of 45548
 
IMO, we are consolidating and building a base at 34-36. This is good for the stock. Once we build strong hands, we will work our way into 40's. A lot of good COMS specific news down the road to back the price up.


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