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


To: matt fahy who wrote (24780)11/18/1998 4:20:00 PM
From: Steve Porter  Read Replies (1) | Respond to of 45548
 
Matt,

Today was a sucker rally in both FORE and COMS.. FORE and COMS will both give back a large percent of what happened today. If you look at the trading, while there was a lot of volume, they were all tiny trades (at least in coms anyway). The average trade size was only 1,076? (give or take) shares.. this isn't large blocks and this isn't institutional buying. This is people fooling around with the stock for options more than anything. Look back and you will see a similar pattern for the last couple of months in COMS if memory serves. This time I'm not taking the hit though.

Steve




To: matt fahy who wrote (24780)11/18/1998 4:25:00 PM
From: joe  Read Replies (2) | Respond to of 45548
 


If I see another day of HUGH momentum like today (and I'll
be looking for it first thing 9:30), then I'll start
getting back in.

IMO, we need confirmation that today wasn't an anomaly of
some kind.



To: matt fahy who wrote (24780)11/19/1998 1:27:00 AM
From: joe  Read Replies (1) | Respond to of 45548
 


Matt,

I didn't realize FORE went up as much as it did yesterday.

UP 25%+. Was this on take out rumors? Or was there any
other reason it went up?

thanks,
joe