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Technology Stocks : QUANTUM
QNTM 10.03+0.8%Dec 3 3:59 PM EST

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To: wallstreetbull who wrote (5946)12/2/1997 11:06:00 PM
From: William, III  Read Replies (1) of 9124
 
I think the guy that said buy WDC was being facetious about tripling your money or doubling your money with QNTM for that matter. It does seem to be the way lot of investors invest however - maybe explaining somewhat why QNTM is was off more than WDC today. They look in the paper for the stocks the furthest off their 52 week high and assume it will return to that high.

I've learned my lesson before on bottom fishing. Investing in industry leaders is the way to go and QNTM is the DD leader and is emerging as a storage leader. WDC is just now getting around to adressing the MR issue and which QNTM has already moved to and QNTM gets punished - it may hurt the stock price, but QNTM's still the leader. I've said it before, this reminds me of the networkers last spring and I believe QNTM is the CSCO of the DDs. I for one truly believe QNTM will be at 30-35 by Feb.1 and touching 40 by spring.

Don't panic now!
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