QUANTUM Message Board - Msg: 2670465

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Technology Stocks : QUANTUM

QNTM 8.130

-1.9%

3:59 PM EST

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To: Dale J. who wrote (4567)	11/7/1997 8:07:00 PM
From: Emile Vidrine	Read Replies (1) of 9124

There were three trades reported after hours for 32 7/8 and 32 15/16. The trades were for 10,000 and two for 5,000 a piece. These were the last trades reported for the day. After market trades are not regulated by the SEC as to the sequence of reporting and are frequently deliberately reported out of sequence. It appears that the 32+ trades were cancellations reported out of sequence. The MMs frequently do this to confuse the novice at the opening the next day. Most of the other trades were around 30 1/4. At least one trade went through at 29 15/16. In other words, the price remained pretty stable in after hours trading. I think that unless there is major news reported after the close, the after hour trading is generally not a good indicator of where the price will open the next trading day. The 32 1/2 and 32 5/8 bids for the 40,000 and 20,000 I do not understand. This is all only my take on the matter. I hope it opens in the 32's Monday and that would settle the matter in all our favor. This information was gathered from the Schwab quote system.

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