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: Dwight E. Karlsen who wrote (4910)	11/12/1997 9:40:00 PM
From: Dale J.	Read Replies (1) \| Respond to of 9124

<<selling out? If you feel on the edge of panic, it's a sign that the bottom may be near at hand>> DK: No I'm not selling qntm (see post 4905). I've done too much research and qntm is already at an outrageously low price. If I got out, and qntm ran up without me, then I would be in indescribable pain. In fact, at this price I would even consider margin. But given current market conditions I may for the first time in years take up a substantial cash position. I agree that it is the general market and tech stocks specifically. My intc is down 25% and even after the bullish conference it continues to dwindle down. But qntm is a microcosm of the market. You can see what fear has done to qntm. The general market is only down less than 10% from the highs and I don't think fear has gripped the market yet.

To: Dwight E. Karlsen who wrote (4910)	11/13/1997 1:00:00 AM
From: Michael Burry	Read Replies (2) \| Respond to of 9124

TA review Brushing up on my TA skills from my futures trading days: Quantum is now retouching old resistance just above 25. There is also a 3 point uptrendline on the log graph that goes back to its breakout in late 1996 and is now just under 25. The stock just broke its 200 day MA to the downside, which contradicts the above , but is still not totally bearish as volume is contracting and brief punctures of MA's in longterm uptrends are normal as the market is not 100% precise. Seeing this, I had placed a GTC buy at 25 1/2 a while ago which got hit today. I also had a GTC buy at 27 5/8 (fewer shares). So now I am one of you proud Quantum owners. The next support if it breaks 25 convincingly is 17 1/4. If it hits that level, I'll overweight my portfolio in this stock. Of course, eyeing Seagate at the 22 1/2 level. On Quantum, MACD is very negative on the weekly chart, but ADX is actually turning down, indicating a weakening trend. Hence, we turn to stochastics and RSI which indicate the stock needs to base or double bottom at 25 before resuming an upmove. Boy that was fun. Now I'll go back to value investing, my forte. On a value basis, I'm socking the shares away for a year or so. The PSR and PRR, along with the smart management moves by locking up MR supply lines seem to indicate this is a Ken Fisher Super Stock undergoing a glitch of no fault of its own. This may get bloody, but hey I've got 20 years til I retire. Hey Dwight - there you are again. Good Investing, Mike sealpoint.com