i'm not a very frequent contributor to this thread, tho i am long 6k shares of qntm. having just been burned in the apm fiasco, however, i thought i'd offer the following:
altho the apm technicals were deteriorating thruout the month of september, i held on to my apm because:
-- p/e, peg were attractively low.
-- crisman, the apm ceo, reassured callers that demand for tfi remained strong, and pricing pressures were minimal.
-- the mr ramp was proceeding smoothly. in the meantime the company was intelligently milking their tfi advantage to the hilt - and tfi retained an advantage over mr on a cost/performance basis.
all this time the tape was telling a different story, and it turned out that the tape was right.
are we seeing the same with qntm? the dlt story is not only compelling, it's overwhelming. in the disk drive business, qntm is better positioned than wdc or seg. it alone among the drive makers made its quarter. you'd have to be nuts not to buy qntm at these levels.
yet market action is not only poor, qntm is actually doing worse than wdc and aslmost as badly as seg. does somebody know something we don't?
just idle musings, based on the andy grove dictum -- only the paranoid survive.
and we're actually UP right now, by 1 3/8. is this the dawn? |
