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To: advocatedevil who wrote (2251)	10/3/2002 10:45:28 PM
From: Return to Sender	Read Replies (1) \| Respond to of 13403

OT: I am thinking about going long on QLGC tomorrow morning at the open. finance.yahoo.com In after hours it fell 8% to 22.63. If it opens near that level it should bounce back a bit almost immediately. My rational is that QLGC is selling off only due to really bad EMC news: EMC EMC Corp cuts Q3 forecast, will buy back up to 250 mln shares (5.01 halted ) -- Update -- Company expects to report total revenue of approximately $1.25 billion, and a loss of $0.02 per share for the third quarter -- Multex consensus estimates are $ 1.4 billion and a net loss of $0.01 per share; says IT spending environment remains "brutal". Storage names hit on EMC warning - Prices vs the 4 pm ET close -- QLGC -1.90, BRCD -0.34, NTAP -0.32 I would worry if I were going to hold long term but short term or for just a quick day trade it should bounce. At 22.63 the stock will be below the lower Bollinger Band at 22.93 and way more than 10% below the 10 day moving average at 27.06. stockcharts.com[h,a]daclyyay[pb50,200!d20,2!c20!c10][vc60][iUb14!Uk14!La12,26,9]&pref=G It should bounce right after the open in my opinion. Thoughts AD, Robert or anyone? RtS