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


To: semi engineer who wrote (4749)11/10/1997 8:05:00 PM
From: MonsieurGonzo  Read Replies (2) | Respond to of 9124
 
Semi; RE:"Let me know if I need to cover soon..."

...next test is that perceived support around 28, where QNTM held during panic selloff; likely to bounce there, (dunno for sure).

Next support is around 25; I'd cover there.

KMAG... support is what, 15~17 ?

KLIC is an earnings play, right? If AMAT breaks 30... :-(

DELL/CPQ - massive Head and Shoulders formation about to be tested (this week). If the market's gonna tank, these two will be devalued. I'd cover at the perceived support, and wait to see if they violate the neckline, then short them again if they do.

IMHO, the market is moving the stocks, rather than the other way around. Suggest you take your cues from the NDX and OEX charts.

-Steve