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: Moonray who wrote (27591)	2/4/1999 11:25:00 AM
From: Dennis Eckert	Read Replies (1) \| Respond to of 45548

Various thots on price action: -- COMS has bounced off its Nov. low close of 33 5/16 (a certain support figure). -- On its way down, it broke from $44-$40 on that one huge 4M-share trade. (the one Cramer discusses). Since a number of large houses use technical folks to help guide them in buying and selling decisions, it's possible their $40 sell was placed right below the Jan. low (support area). -- COMS had its breakout of the trading range on 10/21 at about 32 3/8. If COMS drops under $32, selling could get worse. -- Thots above are offered from a chart view as some tips to where folks get "back in" with new buys, depending on your viewpoint. -- I own no COMS but have traded its options.