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

To: Michael Burry who wrote (6554)	12/11/1997 1:47:00 PM
From: RealMuLan	Read Replies (5) \| Respond to of 9124

Michael: I agree with you. However, I have one question: if this Bear Stearns guy is so sure what he is talking about, why he cannot say something in the public. That might give us some relief. And the problem for me right now is that how much money should I prepare for the margin call? I am now transferring all those margin call to my credit card, which will charge me 19% APR. Does it worth it? Am I just throwing the money in a Black hole? Thanks and good luck.

To: Michael Burry who wrote (6554)	12/11/1997 2:15:00 PM
From: Rational	Read Replies (2) \| Respond to of 9124

Michael: WS is filled with a bunch of IDIOTS. Here is why. SEG announced much lower earnings last quarter and very little this quarter than QNTM. QNTM's DLT business is very strong with virtually no competition. Yet, QNTM is trading lower than SEG!! This is happening because some nervous sellers offered at market, when there were few buyers and so the MMs decided to lower the price sufficiently to buy on their own. As the price became lower, more and more traders panicked. The MMs are having a fun (as their companies are accumulating shares at throw-away prices). They are buying at bids which they set (and the lower they set the greater the nervousness) and they know where QNTM should stand, way above SEG. MMs can do this because QNTM is traded on NASDAQ and SEG and WDC are traded in NYSE. WDC is losing and is not expected to gain soon. Obviously QNTM has DLT and a better DD business than WDC. Thus, QNTM >= WDC + DLT Value. [The "=" is very conservative] MMs in the NASDAQ really stink and this system stinks. In the name of providing liquidity, they create panic depending on what they are told to do by their bosses. We should all be sorry to be living in this system. The extreme volatility in NASDAQ is due to the MMs, the idiotic middlemen. Good news is that SEC will soon make the system transparent and the executions automatic with MMs' buy and sell orders completely visible to every buyer and seller. [This is being opposed by MMs, but SEC is going ahead.] Sankar PS: The key for the MMs is to show the lowest price of the day to create nervousness. If no one offers at such a low, MMs make a few trades among temselves to create the jitters. They can also create a hype if told by their bosses. The system is inherently volatile. If MMs trades are visible to real traders, their will be sanity. SEC is going to enforce this soon.

To: Michael Burry who wrote (6554)	12/11/1997 5:22:00 PM
From: Thomas Haegin	Read Replies (1) \| Respond to of 9124

Re: QNTM Mike, FWIW, I follow the WDC board: The tenor there is that QNTM is currently the leader in the DD pack because of their head start in MR. It seems the tech experts on the WDC thread have high marks for IBM, too in the very high capacity disks. << Kim Alexis saying she's surprised DLT growth won't continue at a 100%/year clip. What planet is she from. Trust me, the analysts in on the call are not that bright - their questions often revealed that they had only the faintest idea of what was going on - >> I'll bet at anytime with anybody that we as a group of SI participants are better informed and more visionary than at least 90% of WS anal-ysts <g>. I may come back on the Bear Stearns fellow: I think I read something recently in the "Institutional Investor" magazine. Will check tomorrow. Thomas

To: Michael Burry who wrote (6554)	12/11/1997 7:58:00 PM
From: jkb	Respond to of 9124

<< Trust me, the analysts in on the call are not that bright - their questions often revealed that they had only the faintest idea of what was going on - questions like, "How much does the 7000 tape hold?" and "How many tapes do the DLT drives ship with?" The only guy that impressed me was the Bear Stearns guy - and he's the only one that still sees the stock worth 40. >> Unfortunately, the vast dollars that they have control over far outweigh their IQ and/or research invested in stocks they cover. Nice post. -Jay