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Technology Stocks : QUANTUM
QNTM 7.050+1.3%Jan 16 9:30 AM EST

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To: Chris Anderson who wrote (4380)10/29/1997 5:21:00 PM
From: Dale J.  Read Replies (2) of 9124
 
<<I don't think it is QNTM specific, though. Many other tech stocks got creamed today. Take a look at DELL, for example. >>

I agree. I think it was the mutual fund managers locking in profits.
The mutual fund managers operate with a year-end of Oct 31. With the increased volatility in the market, I don't think the fund managers want to risk having a good year ruined over the next few precarious days.

Although they will be back in a heartbeat if we start to rally!

The Qntm TPR (Temporary Price Reduction) should end by early November (JMO).

Dale
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