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


To: Richard P. Roberts who wrote (30852)5/12/1999 7:22:00 PM
From: Tim Luke  Read Replies (2) | Respond to of 45548
 
Talk : Short-Term : No Rest for the Wicked

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To: +Tim Luke (39268 )
From: +Tim Luke Wednesday, May 12 1999 7:20PM ET
Reply # of 39313

COMS:

right now coms is IMO one of the top takeover plays on the open market...so why does the stock keep selling off at it's days high and trade in this tight range?....

the MM can take this stock down at anytime they want, it doesn't matter how many buyers there are vs. sellers....they will take it down and sit on the bid and buy all the shares they can...remember they have deep pockets and big orders to fill....this is a common head fake they use to shake out the weak hands.....so be patient and don't worry about every tick because IMO it's a matter of time till we are sitting on a 50+$ stock