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

To: Z Analyzer who wrote (6046)	12/3/1997 4:03:00 PM
From: William T. Katz	Respond to of 9124

I read somewhere that a big fund (I think Fidelity) was unloading just about all tech-related stocks ... my memory was jogged by someone mentioning Fidelity as a possible seller. Some people are taking a very bearish view of the tech sector because of assumed high inventory levels for next 1-2 quarters. I view today as an exchange of shares between bulls and bears.

To: Z Analyzer who wrote (6046)	12/3/1997 4:05:00 PM
From: steve harris	Read Replies (2) \| Respond to of 9124

Im an optimist. "Who the h--l is buying?" Somebodies has aquired them.

To: Z Analyzer who wrote (6046)	12/3/1997 4:45:00 PM
From: David L. Hachey	Respond to of 9124

ZA; Tax loss selling by institutions is my guess. Thirty days later, at the opening of the new year they can buy back depressed stocks. Many tech stocks have taken a beating so the big funds can use tax loss sales to offset other earnings. I suspect tech stock will be depressed for the next two weeks until a better picture of Christmas sales is posted. Thereafter, QNTM and the others should take off. The economy is still doing very well and the Asian banking crisis probably won't have a major impact on the US and Europe.