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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: LK2 who wrote (1492)	11/10/1997 11:08:00 PM
From: Dwight E. Karlsen	Read Replies (2) \| Respond to of 9256

Thanks Larry. :-). Your questions are good. Here's a couple things a person could do: First off, I would only touch QNTM right now in the DD biz. IBM also looks solid, both from the broadly diversified product line standpoint, and the fact that they have at least a healthy DD biz (so far as we know) and a top notch notebook division. Since it looks like today was day two of irrational selling, there's no reason to believe we won't have day three and four. One thing a person can do (which I haven't yet, but probably will) is calculate what you feel would be an insanely low level for a stock to fall to. Let's say QNTM at $20-22. Put in a limit order to buy at those levels. Either put an order in for half at each, or pick one or the other. Since I don't have a lot of capital to play with, and I believe QNTM will be significantly higher sometime next year, I'm partial to long-term call options, say with a 6 month expiry. I haven't checked what's available yet that far out. LEAPS maybe. I don't do much shorting on individual stocks. But to tell the truth I think DELL looks pretty vulnerable here in the short term. So far DELL insists that the $1,000 PC market so small that they're not interested, but if on the chance they miss earnings, nobody will believe them anymore when they say that. The current climate is to bow down to the $1,000 PC. So I'm thinking of buying some DEC puts on DELL, though probably won't put much money on it. DK I'm losing on most of my investments/speculations right now, so caveat emptor. Seek as many opinions as you can, think it out for yourself, then do what your gut says.