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

To: Rational who wrote (5371)	11/20/1997 11:38:00 AM
From: Rob S.	Respond to of 9124

We are already at about 5,000,000 shares traded and up about 10%! I bet the institutions have flipped over big-time to the buy side. To their credit, there were several analysts who did not downgrade or revise their earnings forecasts. I would not be surprised to see recent minor revisions for earnings stick but I would also not be surprised to see them get revised upward by the end of the quarter. It's probably going to be rocky going for a while - a traders' market. Let's play "conspiracy theory" - even if losely constructued: The institutions, analysts, and brokerages see that the HD sector is getting slammed. They think that QNTM is well positioned to come out of the situation ahead of the pack but their is enough FUD to either make them sell or keep them on the sidelines - hey, they are human and like the rest of us they sometimes over-react (sometimes WAY over-react). But then they see that the World Bank and foreign governments are on the way to solving the Asian monetary crisis, even though a fix won't take place over night. And they figure that things are actually pretty good over at Quantum even though the market is still running scared for HD stocks and QNTM is caught up in the current. So why not issue some additional revisions and downgrades while, at the same time, telling your institutional investors and house accounts to load up on panicky sellers stocks? Whatever is the cause for overbought and oversold conditions, they do tend to follow the flood of human emotions. I don't honestly think that there is often a massive conspiracy to dupe investors on broadly traded stocks. But there are smart, seasoned thinkers who are more than willing to take advantage of the situation.