QUANTUM Message Board - Msg: 2749692

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Technology Stocks : QUANTUM

QNTM 7.450

+3.0%

Dec 31 3:59 PM EST

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To: Roader who wrote (5058)	11/17/1997 5:28:00 PM
From: Dwight E. Karlsen	Read Replies (2) of 9124

Roader, re Did QNTM not get an invitating to todays tech party?? The extraordinarily high volume on the sell-off from 35 to 30 ensures that a lot of people who bought on that trip down will be anxious to get their money back, particularly after seeing qntm down to 25. So getting from 30 to 35 and holding is going to take tremendously good news. Any rally like this AM will be quickly pushed back down. I sold my calls on Friday because of this. By Sunday night however, I was thinking it looked like today's rally was going to be so powerful that QNTM may just be able to punch through that resistance above 30. I didn't put any money on it though, but I was worried early this AM that I would be missing out...guess not. Eventually QNTM will get up from 30, but when that will happen is hard to say. DK

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