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

To: wallstreetbull who wrote (4993)	11/14/1997 10:08:00 PM
From: Myron Z.	Respond to of 9124

Sam,this recent "action" on QNTM is typical crap that repeats itself over and over in this world of stock market mania. I learned my lesson as a SOES trader that patience is the virtue to make money in this "hobby" ( I learned real hard on ADPT last February and March when it dove quickly from $46 down to low low $30's only to go back up in a few weeks (not days) and now is back in the high 40's.) I took a bath because I had gremlins in my head about "what if the stock goes down farther and farther" (yeah, like this company that sets record profits EVERY QUARTER for years all of a sudden turns worthless). I lost my ass good and hard. I also played QNTM back then too on SOES (pre split) and made good money. I have a few stained pair of underwear too from this last QNTM week gone by, but they were manageable when I kept reminding myself that this is smoke and mirrors, hold tight, hang on, don't "panic" this is an illusion (which it is, QNTM does not belong at the levels it was this week). I am not saying the rough ride is over, but don't suck on a shotgun barrel on this one. I am long by error 1000 @ $33-1/8, and WILL NOT BAIL OUT AT $33-3/16. I am in it to grind out at $40+ ( maybe a few shakedowns will occur, maybe not, but if it takes till January, what is a few weeks to make a few thousand dollars? Hang in!