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Technology Stocks : QUANTUM
QNTM 10.06-0.2%10:14 AM EST
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To: jgercke who wrote (6601)12/13/1997 1:09:00 AM
From: Rob S.   of 9124
 
I was shocked by the conference call because of the severity of the expected shortfall in earnings but came away thinking that Quantum made every effort to get all of the bad news out in the open, even to the point of downplaying their strengths. I pulled out of QNTM starting earlier this week when I sold 1/3 my position at around 24. I sold the rest at an average of 19 3/8.

I think that most of what can go sour has already been reported but I'd rather preserve my capital (or what's left of it) to come back and play another day when moemtum has clearly reversed (or at least I think it has).
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