QUANTUM Message Board - Msg: 2854372

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Technology Stocks : QUANTUM

QNTM 9.380

-4.7%

Dec 12 9:30 AM EST

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To: scott harrison who wrote (5861)	12/2/1997 10:26:00 AM
From: Michael Burry	of 9124

Quantum will likely bundle any bad news they do have into this quarter, with prices already so low. We already know they are taking charges, but the fundamentals are still very good. I doubled up at 25 3/16 today. On the technical side, 25 is strong support and would be a double bottom. But for the long term holder, the price is just plain cheap anywhere in this area. I spoke with a storage industry executive recently over dinner in San Jose. He is focused on his own company, but he grudgingly admits that Quantum is just positioned incredibly well right now. Good Investing, Mike

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