Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (344)	12/14/1997 11:49:00 AM
From: jgideon	Read Replies (1) \| Respond to of 118717

I watched QNTM on Friday, looking at the short prospects for day trading. As the news was Wednesday and the stock open at the low Thursday, I expected to see the bargain hunters out at the open Friday. That happened up to 20 1/2, and then at 10 AM, it dove. The rest of the day was a bounce and a half between 19 1/2 and 18 1/2. Although I didn't put my money where my mouth was, I did try to write down when to go short during the day. I managed to get the points reasonably close to the highs. I was less sure about when to close out. But hey, I've little experience in either shorting or day trading. Doing some paper runs to try to understand the game. The reason for posting this is to alert you to the pattern, as it may be useful in other bad news situations. Further, the volatility in QNTM seems interesting. Any predictions as to where it'll go from here? I could easily see some more bouncing, since the long term fundamentals are the best in the DD industry. We saw a good amount of that on a slower timeframe in the mid to upper 20's. jg