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Technology Stocks : QUANTUM
QNTM 8.760+7.9%Dec 18 3:57 PM EST
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To: Rational who wrote (5807)11/29/1997 5:41:00 PM
From: tom pope  Read Replies (1) of 9124
 
Will: I think another 10% down from 26.5 would be ideal. With your "logic" another 100% down from here is still more ideal.<<

Hi Sankar - your reductio ad absurdum is a little unfair to Will. There is a reliable historical pattern of 10% plus corrections retesting their lows, which we haven't had yet. In '87, the retest of the lows took place in early december. I'm not saying it will happen again, but a retest would inject a little bit of needed fear in the market, and might be positive in the long run.
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