QUANTUM Message Board - Msg: 2708238

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Technology Stocks : QUANTUM

QNTM 7.600

+7.8%

Jan 7 3:59 PM EST

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To: Y. Samuel Arai who wrote (4883)	11/12/1997 4:15:00 PM
From: space cadet	Read Replies (3) of 9124

Well qntm is pretty much doing what I expected. I predicted it would bottom in the low 20's and then over the next two years roughly double in value, to the low 40's. However, I'll admit I'm getting a bad case of cold feet here. If qntm could somehow jettison its disk drive business I would plunge in big, but I suppose qntm couldn't get anything much for it now. We may see losses in the drive business for the rest of the nineties and that will put a big crimp in qntm's earnings. I may still play qntm at 21 because I think we may get a dead cat bounce there, but I don't know that it is worth keeping for longer than a few days or weeks there. qntm may bottom at 20 and stay around there for the next 6 months to a year before recovering. I'm not sure what it will do, but I don't like the huge uncertainty hovering over this stock. I guess we'll know more after the next earnings report but I think you must have balls of steel to hold thru an earnings report these days.

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