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Technology Stocks : QSII, Quality Sys., depressed Buy soon ?
QSII 22.35+0.7%Sep 7 4:00 PM EDT

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To: Jim Goodman who wrote (2)3/31/1997 7:48:00 PM
From: Ron Kory   of 50
 
Well, I am also technically oriented but you did not ask for technical
information. I am already long this stock. Technically nothing much
is happening....it has been going sideways for months. However, some
significant events have occured...for example, when the last quarterly
earnings were announced--which were terrible--the stock did not go
down. I thought this was significant. How many Nasdaq small cap stocks
that announce bad earnings do not go down? This indicated to me that
all of the sellers had sold. Secondly, the largest insider after the
CEO quadrupled his stake purchasing hundreds of thousands of shares.
Most of these were bought between 6-8. Lastly, compare the recent
carnage in comparable companies (IMNT, MCSY, HCIA etc.). Once again,
qsii is not going down. In this environment this is good technical
action.
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