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Technology Stocks : Qwest Communications (Q) (formerly QWST)
Q 84.87-1.6%Dec 11 3:59 PM EST

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To: Tweaker who wrote (1819)8/4/1998 8:51:00 PM
From: pyc  Read Replies (1) of 6846
 
<<<For S-T Traders Only>>>

It looks like we both are correct technically, but none of us would have expected the market to fulfill our prophecies this way.

Those who have been in the market long enough should have no trouble finding analogy to QWST. Both MFST (acquired by now WCOM) and CIEN (by TLAB) were doing the right things at the right time and eventually got big payoffs. If you study their chart patterns, you will find both were very volatile. (So one should not be surprised if QWST dropped for no fundamental reasons.) I was lucky enough to ride both several times but only to missed the last big rides that always came unexpectedly.

After I traded in QWST for others, I sure missed the good feeling of sleeping well at night (the same kind of feeling when I held CIEN). I guess I just have to pay for my mistakes.

pyc
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