Disk Drive Sector Discussion Forum Message Board

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Technology Stocks : Disk Drive Sector Discussion Forum

WDC 219.44

+16.8%

Jan 6 3:59 PM EST

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To: Mark Oliver who wrote ()	4/28/1997 1:54:00 PM
From: john p. carney	of 9256

Originally posted to QNTM thread: QNTM is behaving exactly like all the other storage sector stocks before earnings. They are moving up before release and if (recent) history is any guide they will crash and burn the day after the release, no matter how good the numbers. Look at my previous posts in RDRT thread. I think this sector will come back strong after this throw the baby out with the bathwater mentality is over. Until then, money can be made by going long a few days before earnings and selling short at the open after earnings. I know I'll probably take some flak for this, but it's played out this way for EVERY storage co. P.S. I just wish I had implemented this strategy myself. I almost did with RDRT but just hated the idea of shorting a sector that I have long-term faith in. John

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