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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?


To: Kiff who wrote (3016)2/9/1999 10:55:00 PM
From: Caroline  Read Replies (1) | Respond to of 39683
 
Kiff, you are too humble. That's a darn good job you did on the research, to the point of picking out which paragraph is of interest. I'm impressed!

I am often interested in fundamentals and appreciate your contribution.

Having said that, 3COM is of interest to me only has a few point trade. There's something just wonderful about a stock that tanks like that, finds support and attempts to rally. It's a chart thing, for sure, in the case of COMS.

I'm glad you mentioned it, too, because I looked at the chart at home rather than on my crappy monitor at work. Cancel the buy recommendation at $30. It's definitely not worthwhile until COMS sees $25 again. It broke 200 day support.

If it helps you worry less about my position (and it shouldn't if you look at the last few days of trading), I'm long CSCO and LU and neutral on COMS. Looking at it for a quick few points, as I said.

CSCO will have no problem taking anything it wants from COMS. LU is the only competitor of merit in the networking space.

There is, too, always a possibility that CSCO would buy COMS. Certainly LU isn't buying anything of significance anytime soon.

I don't keep up with these things, it's just a guess.

Thanks for your contribution, I hope you post more often.

CB