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


To: Moonray who wrote (25975)12/8/1998 7:25:00 PM
From: Mang Cheng  Read Replies (2) | Respond to of 45548
 
Moonray, as regard your post about coms overbought yesterday according to MACD, I don't seems to interpret it that way. MACD of coms still looks really fine to me with only the Stochastic showing some sign of overbought (in the 90% band and the fast line heading down a bit). I would start to worry if it crashes thro' the 13 day MA of around $42. Otherwise we are still on an uptrend and never sell any stock when it's on a proven uptrend.

The fast pull-back from $46 today is a bit disappointing but it's totally market-wise driven.

Mang