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Technology Stocks : QUANTUM
QNTM 8.130-1.9%3:59 PM EST

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To: Dwight E. Karlsen who wrote (4910)11/12/1997 9:40:00 PM
From: Dale J.  Read Replies (1) of 9124
 
<<selling out? If you feel on the edge of panic, it's a sign that the bottom may be near at hand>>

DK: No I'm not selling qntm (see post 4905). I've done too much research and qntm is already at an outrageously low price. If I got out, and qntm ran up without me, then I would be in indescribable pain.

In fact, at this price I would even consider margin. But given current market conditions I may for the first time in years take up a substantial cash position. I agree that it is the general market and tech stocks specifically. My intc is down 25% and even after the bullish conference it continues to dwindle down. But qntm is a microcosm of the market. You can see what fear has done to qntm. The general market is only down less than 10% from the highs and I don't think fear has gripped the market yet.
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