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Technology Stocks : QUANTUM
QNTM 9.940-0.6%Dec 5 9:30 AM EST
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To: James L Wood who wrote (7278)2/5/1998 7:46:00 PM
From: William, III  Read Replies (1) of 9124
 
You're kidding, right? Real healthy to drop back to $21 or just below? Yeah if you just shorted the stock. For some reason, some people that missed the train think that if the train reverses they can just get back on and still make the next stop on time. For QNTM to drop back down to $21 or lower, would indicate an even more serious lack of confidence in the DDs than ever before - and that's not healthy. Technical analysis is just fin to an extent, predicting short term moves, support levels, resistance levels, etc. but I'm not sure where anyone would deduce that an 18% drop in a stock that has just started to recover from its worst drop ever is healthy.
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