QUANTUM Message Board - Msg: 9970534

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Technology Stocks : QUANTUM

QNTM 8.980

+4.5%

Nov 7 9:30 AM EST

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To: Debt Free who wrote (8925)	6/4/1999 9:52:00 PM
From: Gregory Seward	Read Replies (1) of 9124

I must admit, I'm amazed that this stock did not crater today. I've played it several times over the past few months, net on the losing side. I got killed by buying at 25 and riding down to 19.5. Then played it long for a few times and nearly recouped my losses (not quite though). I bought puts today because I can't see why it would maintain this value. PE was say, 15 at $.30 per quarter. What is it now...30-50? I rarely go short but I did today (p.s. I'm losing since it rallyed back to $19). Maybe someone can shed some light on ny mistake and convince me to cover?

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