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Technology Stocks : QUANTUM
QNTM 9.655-15.4%Nov 28 12:59 PM EST
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To: scott harrison who wrote (6053)12/3/1997 6:05:00 PM
From: Rational  Read Replies (1) of 9124
 
Scott: I feel we are not worse off in the sense that the price could have remained stuck at the low 23 1/4. We travelled a way up from that low through 5 million shares changing hands -- nothing to rejoice, but the worst seems to be over.

5 mil shares changing hands shows that big NEW buyers were willing to buy at these levels. This may be the beginning of a move up since we moved from the low of 23 1/4 to 24 1/8 (which was higher than the open), IMO.

Anyone, who reads intraday charts: can you please tell more?

Sankar
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