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

To: MonsieurGonzo who wrote (4760)	11/10/1997 8:42:00 PM
From: LightPen	Respond to of 9124

<<next test is that perceived support around 28,>> Great post !! I bought today @ 28 3/16. I could not resist. It may have been too early but I did not want to miss the ride up when all the shorts start to cover. Give that it went from 30+ to 35 in a few days. there is now more upside than downside in the stock. Most of the blood has been spilt (unless DELL misses earnngs) and I tend to buy when my gut tells me to sell. Time will tell !! Wish all longs well and a panic for shorts

To: MonsieurGonzo who wrote (4760)	11/10/1997 9:48:00 PM
From: semi engineer	Read Replies (2) \| Respond to of 9124

Steve -- Off Topic I think QNTM will break through $28 tomorrow morning. It tried to hold at $30 but could not hold it. Too much negative sentiment and uncertainty in disk industry. It will take more than few days to bring order in chaos situation. Also, there may a me-too downgrade coming down on QNTM in sympathy with WDC and SEG. Some people may purchased for a bounce and if it is not bouncing, they may dump stocks along with longs. The fundamental will not matter. BTW, how did you arrive at $25 support? IMHO, one down grade from a major brokage will bring this down to $22. KLIC -- Not an earning play. I think the stock is steal. Is long on this one. No stock but just options. Dumped all stocks at $31. I think AMAT will below $30 but KLIC should be okay. Is that a dumb move?? I also like TER. Have 10 May calls. DELL/CPQ -- Where is the neckline/head for either stock?? Compaq bounce seem more stronger but I think both will be much lower by end of the year even with the higher DJ or OEX. What do you think?? NDX/OEX -- IMHO, semi will stabilize at this level but Computers and Disk sector may even go lower especially QNTM and KMAG. Will see.