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

To: scott harrison who wrote (5250)	11/19/1997 1:47:00 PM
From: joshi	Respond to of 9124

Just like in poker, The shady character in the corner will get all the money. Thad be me. Technically, If the stock closes below 26 It will go down to 23 - 24 range. If it holds then the double bottom will be formed and a move up will occur. Today is not the best time to buy. Good luck all and dont spend all your money in one place!

To: scott harrison who wrote (5250)	11/19/1997 1:52:00 PM
From: Sam	Read Replies (1) \| Respond to of 9124

Scott, "Completely tapped out margin today and bought 500 shares at 26 3/8. It can't get any worse, right???" It can ALWAYS get "worse", and usually does--the market takes no prisoners when it gets into a frenzy, either on the up or the down side. Be careful.

To: scott harrison who wrote (5250)	11/19/1997 1:56:00 PM
From: Rob S.	Respond to of 9124

Gruntal marginally lowered earnings estimates for Quantum: biz.yahoo.com -- While Quantum the only major disk drive maker, which has not issued a profit warning this quarter, Takata said he was lowering 1998 earnings estimate on stock to $2.51 per share from $2.70 per share. That's a little less than a 10% lowering of 1998 estimates. The stock price is down over 30%. In reaction to all the news about SGT, and the two downgrades, Quantum's stock price has reacted with only a minor move down compared to recent trading activity. I hope that these analysts have spoken with Quantum and gotten updated information rather than just winging it based on the general pricing pressures and warnings from other HD cos. If that's the case, then the chance for a "surprise" earnings warning announcement is greatly lessened. The current situation is looking more and more like Quantum's current stock price has reached the end of it's downturn and will either base in here at around 28 or will bounce up to around 30-32 and form a base. I think QNTM will stay in a trading range bellow 34 until toward the end of the quarter when the sales and earnings outlook should become clearer. Great time to sell puts to those running scared, say the DEC of JAN 25s or even the 30s. It's also a great time to accumulate the stock. From a pure TA approach, you would wait for the base to form and for the stock to make a move off of it, but I think it's time to cast your orders out to catch the bottom fish - buy orders at 26 or at market.