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

To: Dale J. who wrote (4972)	11/13/1997 8:02:00 PM
From: Rob S.	Respond to of 9124

I tend to agree. I think today may prove to be a key reversal point and re-testing of the lows set during the big "bloody Monday" crash. Some TA analysts expected this retesting before the makret moves to new highs. This tends to shake out those investors who got very scarred during the earlier "crash" and swore "and soon as the market picks up a bit, I'm outa here" or something like that. We may see a November to early December rally before we draw tax selling. I expect a strong Fall/Christmas buying season for most electronics products categories followed by a very strong "January effect" rally during the 1st quarter of next year. Right now the market wants a firm indication that sales and earnings will move up as good or better than currrently expected and for a easing of the Asian market fears before is has the confidence for a dramatic move, IMO. Short-term, I think the tech stocks will move up nicely from here for a while, although it may be choppy and a very selective move. My target for Quantum for the next 2 weeks is up about 5 points. The semi equipment cos should start moving as I think the concerns over Asian currency destabiliztion will ease over the next several days.