Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: James Nephew who wrote (4538)	11/7/1997 2:10:00 PM
From: RealMuLan	Read Replies (1) \| Respond to of 9124

QNTM has been up about 10% in last 4 trading days. Maybe this is a profit taking on top of the bad news. Secure the profit first, ask questions later. This is quite a norm on Wall Street these days. And one more thing, QNTM now becomes day-trader's heaven. So its price will remain very volatile.

To: James Nephew who wrote (4538)	11/7/1997 2:11:00 PM
From: Sam	Respond to of 9124

"Is that to say, then, that QNTM has lowered expectations?" Many people/traders pull the trigger first, and ask questions later in an environment like this. What are they going to pull the trigger on? Stocks like APM, HTCH, SEG, INVX, RDRT, STMD, KMAG are all significantly off their highs, and have been pounded into submission. The kinds of people that pull the trigger quickly are out of them now. The new buyers are the bottom fishers and the value players. QNTM has been hot, has gotten some good press, and hence has attracted some "hot" trading money. This kind of money is quick to enter and quick to leave. When WDC says that there is problem due to pricing pressures, QNTM will be implicated. Whether that is true or not, we'll have to see. Depends on where those pressures really are, how severe they are, how long they last. But given the history of this industry, [repeat my first sentence of this post].