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


To: Webb B Blackman Jr who wrote (5219)11/19/1997 10:53:00 AM
From: Rational  Read Replies (2) | Respond to of 9124
 
I cannot fathom how SEG with losses and no future in sight can command $23 per share, while QNTM with 71 cents per quarter per share gets about 20% more is very surprising to me. I think there are some MMs who think that SEG is trading at its low and QNTM is not, and so they punish QNTM more. It is simply irrational trashing (the opposite of irrational exuberance). QNTM should be at least twice the price of SEG. I had thought SEG would fall to $15 or so this morning.

Sankar



To: Webb B Blackman Jr who wrote (5219)11/19/1997 11:09:00 AM
From: Dale J.  Read Replies (1) | Respond to of 9124
 
<<But when the volume is high, it seems that the stock is just going from one large account to another.>>

But don't forget, its moving from one account to another at a reduced price. In other words there is a catalyst to sell. The buyer is unaware of the impending "bad news" and so is enticed to buy at the reduced price.

Its not really surprising that the big time analysts have secret "sources" for information. But I think that the internet provides a way for companies to level the playing field for all investors and that they could be more diligent in ensuring that info is released to all at the same time. JMO