QUANTUM Message Board - Msg: 2859316

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : QUANTUM

QNTM 9.820

-2.1%

2:05 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: William T. Katz who wrote (5891)	12/2/1997 6:33:00 PM
From: space cadet	Read Replies (2) of 9124

There was just a front page article in yesterday's WSJ about asyt. Some time last year I believe the management team at asyt flew out to NY to coax a big money manager into not selling his asyt stock at that time. (And they spoke with other managers as well). So these private meetings go on every single day of the year and if you are a small time investor then its tough luck. I'm not defending the practice, I agree, it sucks, but that is the way it works on the unfair casino known as the stock market. Incidentally all along I have been predicting that qntm would settle in the low 20's and we are finally just about there. I think now is a reasonable time to start accumulating stock in qntm, but I'm not because I still think it will most likely hit 21 first and also I don't think qntm is going anywhere for a good while. I expect we will trade between 20 and 26 for the next 6 months and I don't expect qntm to hit 30 for a long time. So I don't think there is much rush at all. Of course, my predictions are all based on qntm holding the line at 20. If 20 falls then all bets are off and no telling how low qntm could go. But I'm not worried about that. I think that 20 is a fair value for qntm and that over the course of a couple of years it could double for those people with enough patience, assuming nothing is seriously wrong with qntm. I missed playing the very profitable short term trading game with qntm between 26-30. Congratulations to all those qntm traders who did so and now are playing with the house's money. I knew qntm was going lower and stayed away but in retrospect I should have bought puts on qntm whenever it hit 30. Well at least I'm learning...

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next