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: Elmer Flugum who wrote (28690)	3/3/1999 6:33:00 PM
From: E.J. Neitz Jr	Read Replies (1) \| Respond to of 45548

Technical Report on COMS from Telescan Three Com at Critical Juncture by Paul A. Alvim Managing Editor Three Com (COMS) is sharply lower as the stock remains in a short-term selloff. The stock, which appeared on the 1:38 p.m. cdt ProSearch run of Negative Price Gaps, is off $3-1/4 to $23-3/4 on huge volume of 53.1 million shares, or 445% of its 30-day average volume. COMS has been in a very sharp short-term selloff over the past four weeks and selling has accelerated over the past two days with the stock off $7. The stock is at major support in the $23 level, which if broken would usher in much lower prices, initially to $15. Keep an eye on this one!

To: Elmer Flugum who wrote (28690)	3/3/1999 7:29:00 PM
From: John O Dea	Read Replies (1) \| Respond to of 45548

3COM had a huge volume blow off today and came off its support area before and after the close. If it comes out running we could have a bounce up into the 28 area. Yesterday and today looked like a selling panic and this factor could add to a nice rally and some short covering. I bought at 24 1/4 and at 25 after the close. I am taking down a position from the 44 area. This is a great company and I don't sell the great ones. If this is a panic bottom then this jewel is dirt cheap. Good Luck....