QUANTUM Message Board - Msg: 7561606

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Technology Stocks : QUANTUM

QNTM 9.380

-4.7%

Dec 12 9:30 AM EST

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To: Flan who wrote (8383)	1/29/1999 5:15:00 PM
From: HerbertOtto	Read Replies (2) of 9124

QNTM under accumulation Rotation is frustrating, I agree. But in the case of QNTM, the consolation is that it is being accumulated under 25. The OBV set a new high today - while QNTM still below the 20 dma. But notice that support came in firmly at 23 1/8 - at the 40 dma. With this much buying pressure coming in, I expect QNTM to test its old highs at 42 on the next run. WDC is much weaker. It pulled back to the 200 dma at 13 in a straight line. The 40 dma is at 16 1/2 today. Note that SEG held at the 20 dma at 37 1/2, and today is up 2 pts. The weakness in WDC is alarming. The book value there is almost gone. I believe they will pull it out because of a strong consumer brand name, but it depends on how well the upcoming Secondary Offering comes off. They need the cash. I have a bit of WDC also, so I keep an eye on it. Today I wish I had gone with SEG. There was a reason why WDC was so "cheap" at 15. Now it is cheaper at 13 1/2. QNTM will be just fine. Book value has bottomed out at $7.64. And they have $578M in cash. Maybe they will takeover WDC. WDC says they need $190M to stay in the game. I don't know if there is any logic to a merger. Just a thought. Good luck, QNTM longs!

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