Quickturn (QKTN) Message Board

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Technology Stocks : Quickturn (QKTN)

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To: Daniel Simon who wrote (63)	4/1/1997 5:11:00 PM
From: nanu swamy	of 251

I am happy I did not get into this quagmire. I watched it at 17-20 a couple of months ago. It went up to the low twenties when I thought to myself that I may have missed the bus... I waited for some more time and saw this go back to the high teens. With todays news, I am happy I did not get in... We may see one more step downwards before all the shorts start buying this stock to cover their positions. When the shorts start covering their positions, the stock will rise a little. Sometimes the people shorting stock take a couple of months to cover up their positions which leaves the stock lingering at its current price +/-15%. Sometimes, as I have seen with a couple of overvalued stocks, the shorters get in more than once and bring down the stock to its second lower step. To sum up, I think this stock would go up a few points when the shorts start to cover up their positions...

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