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Technology Stocks : QUANTUM -- Ignore unavailable to you. Want to Upgrade?


To: David Blomquist who wrote (9002)6/23/1999 9:35:00 AM
From: TraderEd  Read Replies (1) | Respond to of 9124
 
<<<< Just heard on CNBC that Bear Sterns boosted earnings from 34 to 52 !!! Maybe the close yesterday was just a fluke.>>>>>

I could be mistaken, but I thought I head that Bear Sterns raised their price objective from 34 to 52. I thought that to be very bullish.
Can anyone confirm or deny one or the other.

Good news in any case.



To: David Blomquist who wrote (9002)6/23/1999 10:12:00 AM
From: Will Cunningham  Read Replies (1) | Respond to of 9124
 
I think the price drop yesterday was due to market conditions, no real QNTM news, and profit-taking. I guess we can always say that these three are factors in a downward stock move. However, this stock moved up pretty quickly from $20 without much breath-taking. Pull-backs like that make for good re-entry points for trading the stock.