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

To: scott harrison who wrote (5861)12/2/1997 10:26:00 AM
From: Michael Burry  Respond to of 9124
 
Quantum will likely bundle any bad news they do have into
this quarter, with prices already so low. We already know they
are taking charges, but the fundamentals are still very good.
I doubled up at 25 3/16 today. On the technical side, 25 is
strong support and would be a double bottom. But for the long
term holder, the price is just plain cheap anywhere in this
area. I spoke with a storage industry executive recently over
dinner in San Jose. He is focused on his own company, but he grudgingly admits that Quantum is just positioned incredibly well
right now.

Good Investing,
Mike



To: scott harrison who wrote (5861)12/2/1997 10:28:00 AM
From: Harley Morgan  Read Replies (1) | Respond to of 9124
 
Watch out! Technical Support isn't until $20.25 past the $26 mark. Just saw 50,000 and 30,000 trades on the downtick at $25.50.

I agree this is a good long-term trade. Just right now its the Bears stampeding.


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