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

To: still learning who wrote (6104)	12/4/1997 8:22:00 PM
From: robert cartelli	Read Replies (1) \| Respond to of 9124

been gone for a week or so, came back to find no real news, just alot more horse crap being tossed about. qntm hasn't "warned" of anything. no news is good news at this point. i guess we're still on track to meet expectations. r

To: still learning who wrote (6104)	12/5/1997 2:05:00 AM
From: Rob S.	Respond to of 9124

I agree. My comment that the momentum had shifted wasn't meant to mean that QNTM would quickly soar up. I would be surprised if we moved up much before 2-3 weeks of choppy sideways action. I think that there is still some tax selling going on but that's probably not that great a factor at this point, if it ever was. I also don't think short selling has been a big factor. Mostly market worry and "sector rotation" out the techs and the HDD stocks. The specialty retailers, game software/consumer products and a few other sectors are probably the places to have your money. only idiots like myself failed to realize this and waited until Quantum now looks too attractive to dump.

To: still learning who wrote (6104)	12/5/1997 11:54:00 AM
From: Rob S.	Respond to of 9124

It looks like the thread was right about the apparent bottom. I guess that the news of the downgrade from a strong buy to a buy may have gotton some investors and fund managers to think that their fears were overdone. Knowing the dynamics of "sector rotation" and how fund managers tend to play the group rather than the indivdual stock, particularly when deep concerns hit key players in the group, is a piece of knowledge that will make some invoestors much richer in the coming months. I believe firmly that the small investor, despite his feeling a bit like Roger Dangerfield and "getting no respect" compared to "da big anals", the small investor can play the dynamics caused by the inefficiencies in the way big funds and institutions treat stock groups and are hampered by having large sums of money to move around. Sometimes I think that the patterns of thrashing of sectors of the tech stocks is done out of purpose rather than irrational fear. How else can you explain it? Everyone knows, or should know, what the long-term trends are and what the historical valuations are, but that doesn't seem to make the trading in the stock groups any more logical. I wish I would have sold my shares at 42 rather than sold 35 calls against them, because now would be a great time to buy them back for the next run up of 30%-50%.