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: Copeland who wrote (27412)	2/3/1999 10:58:00 AM
From: joe	Respond to of 45548

>>Most of the sharp technical traders got in when it fell below 44 1/2 yesterday.<< Yes, probably true. But volume was not that high yesterday, and so they were on "the edge" of folding their positions. We've hit 44 plenty of times (sort of the very low range), and usually we bounce back 2 or 3 points in a day or so. Day traders probably got out quick, but there are plenty of position traders in for a few weeks or more, and they are hardwired to a low of around 39. JMO. Another words, there are traders for different time ranges, IMO. >>Usually, I like slow declines.<< Yeah, me too, and everybody. I'm sure this surprised the sh*t out of a lot of people, even good traders. The Tech Data BS, I had noticed immediately after they reported. Why such a slow market reaction to the Tech Data stuff, without any hard news yet?