Quickturn (QKTN) Message Board

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Technology Stocks : Quickturn (QKTN)

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To: John Djzuba who wrote (97)	6/13/1997 1:00:00 PM
From: Trey Yon	of 251

Just a cautionary note on QKTN (for those who are trading this rebound). John, Your note of May 5, was on the mark! QKTN, after a nice rebound from $7 is meeting resistance at $13. IMO its come to far to fast, and a retest is a good possibility here. I don't have a lot to go on here (one rarely does in the business) but I would like to point out three items of interest to those who may read this post.. #1 Short interest for the period April 15 through May 15. Increased 590% from 29,214 to 201,626 shares. During this same period, the price of QKTN shares increased from around $7 in April to a peak of $12 5/8 on May 12 #2 May 30th on Nightly Business Report Dan Seiver of the P.A.D. Report recommended APMC & QKTN as turnarounds. BUT, he also noted that QKTN would have one more bad quarter. #3 Until the recent IBM announcement, new contract announcements have been sorely absent since January. From a technical standpoint since May 12th volume has been declining & MACD is weakening. IMHO, For those who are oriented toward the shorter term a more neutral stance is worth considering at least until July 1. -:)TY

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