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

To: tech who wrote (5145)	11/18/1997 6:30:00 PM
From: space cadet	Read Replies (1) \| Respond to of 9124

guys I think you're overreacting. Technically qntm still looks pretty good here. It bounced firmly off of 26 (and I missed it), hit 30 incredibly fast (and I hope that everyone took their profits there-sure looks that way) and now it is testing its support at 26. If the support holds then it will have made a double bottom which is extremely bullish. So the next few days or weeks are crucial. Personally, as I said before, qntm is a dangerous play because of the industry it is in, but apparently you guys love danger. Anyway if the support does hold at 26 I may jump in for a brief upward bounce hopefully. I think this industry is too troubled to hold longterm and I don't expect qntm will see 40 anytime soon, though admittedly stranger things have happened. Until the momentum guys come back to this sector it won't happen and I don't think those guys will be back till the summer at the very earliest. If 26 doesn't hold then as I said before the low 20's is a very safe place to get into this stock.