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

To: TraderWithNoName who wrote (30442)	5/1/1999 2:09:00 AM
From: Mang Cheng	Respond to of 45548

I agree coms' chart indeed looks really good right now. MACD is finally back to +ve after spending three whole months on the -ve territory. The 13 day ma had also crossed the 26 day ma and about to cross the 50 day ma which is bullish. MACD and 13/26 day ma combined gives a very good picture. If I had trusted these two indicators Feb. 1 and dumped all coms, I'll be very happy now. On Feb. 1 the 13 day ma crossed below the 26 day ma for the first time during the up trend and MACD was trending down for well over a month since Jan.1 99. I posted the above just to disclose the mistakes I made by not following what the chart clearly told me. I hope I have learned something. askresearch.com Mang

To: TraderWithNoName who wrote (30442)	5/1/1999 3:30:00 AM
From: JDGarza	Read Replies (1) \| Respond to of 45548

Let's just say that this day indicated a shift in the holders of the stock. Buy hold and shorts covering or shorts increasing their position. The following days where significant volume also occurred and the stock did not sink steadily, confirmed that the interest of the stock has turned to buy and hold and the shorts exiting. In coms case it held at 20, about 10% less in price than the low on that record volume date, and it promptly bounced to 27+. If shorts had increased their position then coms would be in the teens now. So, if there are more buyers who are holding and the shorts are exiting the price of coms should go up as the available supply of coms stock dwindles.