Wish I were! It had a nice price bounce today. Well, they said the markets would continue to be volatile, and they sure are.
And that means we will see some sharp downturns in the next week or so, as well. Both for the market as a whole, and for QNTM, too, given the doubts about the DD sector (but not necessarily for QNTM). There were more downward revisions for SEG and WDC today, for example.
The upshot: I am selling heavy into today's rally. And if I owned QNTM right now, I'd be selling that, as well. You will surely be able to buy it back for $3 less some time soon, when the next market or DD sector panic arrives. It won't be long. There is trouble in the air, even if everybody decided to party today, for a change.
Happy Investing!
Vanni |
