QUANTUM Message Board - Msg: 2689154

STOCKTALK

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Technology Stocks : QUANTUM

QNTM 8.720

-7.0%

Dec 24 12:58 PM EST

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To: semi engineer who wrote (4749)	11/10/1997 8:05:00 PM
From: MonsieurGonzo	Read Replies (2) of 9124

Semi; RE:"Let me know if I need to cover soon..." ...next test is that perceived support around 28, where QNTM held during panic selloff; likely to bounce there, (dunno for sure). Next support is around 25; I'd cover there. KMAG... support is what, 15~17 ? KLIC is an earnings play, right? If AMAT breaks 30... :-( DELL/CPQ - massive Head and Shoulders formation about to be tested (this week). If the market's gonna tank, these two will be devalued. I'd cover at the perceived support, and wait to see if they violate the neckline, then short them again if they do. IMHO, the market is moving the stocks, rather than the other way around. Suggest you take your cues from the NDX and OEX charts. -Steve

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