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

To: Dale J. who wrote (5246)	11/19/1997 1:37:00 PM
From: James Stitt	Read Replies (1) \| Respond to of 9124

QNTM Longs: Let's be realistic about this situation: It took QNTM 3 months to move from ~ 27 to its year high, this under VERY stable, and bullish market conditions. Ask yourself this if you are long: Am I willing to wait through february, at the least, for this stock to regain its year high of 1997? Of course a company growing at this pace cannot be held down forever, and yes the fundamentals SHOULD be making this stock go like stink, BUT, realistically, the time frame for recovery looks like 3 to 6 months IF the rebound started now, and IF market conditions change from the present uncertainty. As a year to two year investment, I think this stock is super, but for the next month or two, opinions about the market in general will have to change significantly for it to recover a substantial share of its losses.