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

To: Chris Anderson who wrote (4380)	10/29/1997 4:18:00 PM
From: Y. Samuel Arai	Read Replies (2) \| Respond to of 9124

I bought some QNTM today at 34 1/4. I hope this stock doesn't end up like one of those that I feel like I'm "stuck" with... I think the fundamentals of QNTM look much better than SEG/WDC. Both of them also took a nose dive late today... I wonder what happened? Sam

To: Chris Anderson who wrote (4380)	10/29/1997 5:21:00 PM
From: Dale J.	Read Replies (2) \| Respond to of 9124

<<I don't think it is QNTM specific, though. Many other tech stocks got creamed today. Take a look at DELL, for example. >> I agree. I think it was the mutual fund managers locking in profits. The mutual fund managers operate with a year-end of Oct 31. With the increased volatility in the market, I don't think the fund managers want to risk having a good year ruined over the next few precarious days. Although they will be back in a heartbeat if we start to rally! The Qntm TPR (Temporary Price Reduction) should end by early November (JMO). Dale

To: Chris Anderson who wrote (4380)	10/29/1997 6:08:00 PM
From: NucTrader	Respond to of 9124

QNTMs 50 day EMA was around 35. When it didn't penetrate it in a decisive manner today, I unloaded my 3K between 34 and 35, sensing that it might be awhile. I lost money by doing so but decided to bite the bullet. After checking this afternoon late, I'm glad I did it - I'd have lost more money if I'd held. The whole DD sector will be back within the next 6 months I think. It's this overall market that has me "concerned" as well as the experience of not being able to reach my broker on Monday [was on hold for 30 min with Charles Schwab with no pickup between 8:30 and 9:00 AM EST]. Most of my stuff came back to near the pre-crash level so I closed out everything today except RES and CDT.