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Technology Stocks : QUANTUM
QNTM 5.795-6.7%1:02 PM EST
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To: Sparky65 who wrote (8499)2/24/1999 11:35:00 AM
From: Alok Sinha  Read Replies (1) of 9124
 
look at it this way. The overal market is still at stratospheric levels, and most disk drive stocks have retraced more than 50% of gains from last October. If the markets correct 10% from here do you believe, the QNTMs and SEGs will not be caught in it. I sold in the pop yesterday, but wrote naked puts (Mar 20s) to get back in effectively at 18. Typically the market sells off after a Greenspan testimony. Let us see what happens this week.

Regards

Alok
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