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

To: David Walton who wrote (4759)	11/10/1997 11:31:00 PM
From: William T. Katz	Respond to of 9124

David, the fundamental question is "what is Quantum worth?" Answer that to your own satisfaction. Look at DLT and their growth and profit. Look at the high-end business, its loss, and the possibility that it may be exited after a one-time charge. Look at the desktop sector and do a gut check on whether the 4 gb+ market will go to near zero profit margin. Factor in what a Tera-Stor product might be worth to QNTM shareholders. After all that, if you think $28 is even close to QNTM's worth, then by all means follow your conscience and go to the oil drillers. I can't follow the thousand of stocks out there so I don't know the risk/reward ratio for oil drillers. But I can see when something is vastly undervalued like QNTM. And everytime QNTM sinks, I recheck my thinking to see if I'm missing something, but if I find no reason <obvious or not>, I buy more. As to my sell "price" where I can no longer tolerate the decline, I think it would have to be close to zero if the fundamentals do not change. Because at that point, I would think that every other person in the stock market has access to information I apparently do not have. But this is not the case. Sites like Silicon Investor are good sounding boards because as a stock drops, any possible reason is posted. In this age of easy information, I have more information than most private investors had a decade ago. At some point, you have to trust your analysis of the information. Stay the course. Hopefully you aren't getting margin calls. -Bill