COMS

[Ares]

1 minute stochastics oversold

[Ares]

1 minute RSI(2) had been going down below 20 while momentum is above zero.

Accumulation/distribution starting to go up too.

[Ares]

green at time and sales  with 50,000 block at 4.56

[Ares]

coms starting to run

[Ares]

Blocks coming in as it is going up - institutions coming in?

It would be nice if someone could post the fundamentals on this one (because I'm not used to looking at fundamentals)
I'm tempted to hold overnight.

Bought in at 4.59

[Ares]

FREE PREVIEW
Motorola Slips on Icahn's Failed Bid; 3Com Gains on Citadel's Inquiry
By Andrew LaVallee
Word Count: 499  |  Companies Featured in This Article: Motorola, 3Com, Hewlett-Packard, Amazon.com, International Business Machines, Expedia, MicroStrategy, Aquantive, Blue Nile, Powerwave Technologies
Motorola shares slipped Tuesday on news of Carl Icahn's unsuccessful board attempt, while 3Com rose after a hedge fund expressed interest in meeting with the company's management. The Nasdaq Composite Index inched up ahead of the Federal Reserve's policy statement, due Wednesday.

Motorola fell 38 cents to $17.70 on the New York Stock Exchange after preliminary results indicated that the cellphone maker managed to keep activist investor Mr. Icahn from winning a seat on its board. It had urged shareholders not to side with him, warning that he was more interested in short-term performance than long-term growth.

Shares of 3Com ...

• THE FULL WSJ.com ARTICLE IS ONLY AVAILABLE TO SUBSCRIBERS.• IF YOU ARE ALREADY A SUBSCRIBER, PLEASE LOG IN AT THE TOP RIGHT OF THE PAGE.

[Ares]

3Com Corporation: Griffen's Citadel Wants to Discuss Corporate Strategy
Posted on May 9th, 2007 with stocks: COMS

Lon Juricic submits: In a 13D filing on 3COM Corporation (COMS) after the close, Citadel LP disclosed a 8.4% stake in the company and a letter to the company requesting a meeting with the management team and Board of Directors regarding 3COM's corporate strategy.

Citadel LP, run by Kenneth Griffin, has become one of the world's largest hedge funds.

A Copy of the Letter:

Citadel Equity Fund Ltd. ("CEFL") is currently one of the largest shareholders of 3COM Corporation ("3COM"). Citadel Limited Partnership is CEFL's Portfolio Manager. On Monday April 16, we spoke with your CEO, Edgar Masri, and head of Investor Relations, John Vincenzo, to express our support for the management team, ask questions regarding corporate strategy and articulate our views as a significant shareholder of 3COM.

As you are aware, 3COM's share price has underperformed both relative and absolute measures of shareholder return for many years. More recently, the market's reaction to 3COM's purchase of Huawei Technologies's 49% ownership in H3C has resulted in a nearly 20% decline in share price.

We believe that many options exist today for the creation of substantial value for 3COM's shareholders. We would like to meet with the management team and Board of Directors at their earliest convenience to discuss our thoughts regarding 3COM's corporate strategy. As a significant shareholder we believe our input could result in improved value for all of 3COM's shareholders.

[Ares]

Daily chart

Low = 3.60
wave #1 = 3.95
wave #2 = 3.76(pullback)
wave #3 = 4.34 (127% fib extention)
wave #4 = 3.90
wave #5 = 4.83 (127% fib extention) or 5.09(162% fib extention)

I'm wanting it to go to $5.09 but that depends on what the market will decide.

[Ares]

Hourly takuri candle that closed above the 8ema

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COMS seems to be following technical analysis

[Ares]

COMS currently has a MACD divergence on the 1 minute chart with stochastics near the oversold territory with price near the high of day

[Ares]

COMS recently traded above the 4.72 resistance

[Ares]

I was counting on the Volume that pierced the 200ma to take COMS to at least 4.84 or even better to5.10 but I ended up selling at 4.77 when I saw weakness (for fear of a gap down due to a potential bearish wolfe wave set up.)
A better entry would have been at wolfe wave wave #4 which was at 3.90 (which is already hind sight).

[usedcasting]

Finally! 

Reuters
3Com to be acquired by Bain, Huawei for $2 billion: report
Friday September 28, 8:34 am ET

NEW YORK (Reuters) - Communications equipment maker 3Com Corp (NasdaqGS:COMS - News) has struck a deal to be bought by China's Huawei Technologies (HWT.UL) and private equity firm Bain Capital for more than $2 billion, The Wall Street Journal reported on Friday.

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The offer values 3Com at more than $5 per share, the Journal said, citing a person familiar with the matter.

3Com shares rose 32.6 percent to $4.88 in premarket trade. The shares are halted on the Nasdaq pending news.

In March, Marlborough, Massachusetts-based 3Com bought Huawei Technologies' 49 percent stake in H3C, a joint venture between the companies, for $882 million. That deal gave 3Com full ownership of H3C.

Bain Capital is one of world's largest private equity firms. Huawei is China's largest communications equipment maker.

A deal would be a positive sign for private equity firms, whose deal-making activity has been sharply curtailed by the credit crunch.

By teaming up with a corporate partner, Bain will be less reliant on banks for money to fund the deal.

A representative of 3Com was not immediately available to comment on the newspaper report. A Bain spokesman did not immediately return a call seeking comment.

[usedcasting]

Well Bains gone and time to write a new chapter. Numbers are improving. Going to park here for a bit.



uc.