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

To: William, III who wrote (6665)	12/13/1997 3:22:00 AM
From: wallstreetbull	Respond to of 9124

Sure!!! Quantum is a strong buy from 40 down to 25 per share. When it hits 19 it is a hold. If we would listen to these puppets they would always have us buy at the high and sell at low. What the fools are doing is postering for their clients. When they come in they tell them oh yes we have Quantum as a buy it has doubled in 2 month this is a great investment. But when the price sinks they will not offer it becuse the a..ho.es cannot explain why they have a stock as a strong buy when it has lost 1/2 its value. This guys are like a palm tree in a hurricane. The stock will be a strong buy again once it brakes 30 because it is going up. Fools.

To: William, III who wrote (6665)	12/13/1997 9:31:00 AM
From: Jadrew	Respond to of 9124

Reporting Analysts: William, I fully agree that for an analyst to have any value, they have to advise on what IS going to happen with a stock price, NOT what has happened. Unforetunately, anybody who followed their advice 6 months ago ("strong buy" on the DD industry) is facing a substantial loss, while these analysts are currently cashing BIG bonus checks - go figure. Okay, enough bashing these people. Best way is to profit from their "analysis" (boy, that term is applied losely here) and ranking system. The following seems to hold (IMO): 1) If a stock price falls, a neutral (sell) ranking is placed so that the analyst who previously had a buy rating won't be sh*& on for making the wrong call. Vice versa on the up side. 2) The market reacts to these ratings, downgrade = price falls 3) The ability to look beyond the next quarter is non-existent. 4) Market fundamentals (gee, is the market for data storage growing, falling ?, what are the substitute products etc) is weighted minimally versus NEXT QUARTER'S earnings. 5) Cyclical industries (such as DD) have large swings in earnings. When demand exceeds supply, prices (earnings) rise in the short term, BUT given the minimal barriers to entry, competitors relatively quickly increase supply, you have oversupply and prices (earnings) fall and supply is reduced. (Kimberly Alexy, please note that concept). The reason to buy a stock, is because you believe its earning potential is greater then the current price and you believe the market will figure this out and the price will rise in the future. I believe the current rating on many of the DD stocks (neutral-sell) is NOT based on that simple concept, but rather "cover my as%, of course I didn't have a buy rating on a stock which has fallen 60%". Summary: probably good time to buy QNTM