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


To: Gottfried who wrote (6909)1/2/1998 7:26:00 PM
From: SMALL FRY  Respond to of 9124
 
GM,

You must be a mind reader. I was just thinking about the same thing. There are close to 30M shares out there that were bought btwn 18-20 on 12/10 and here we are at 22+ and no corresponding profit taking has taken place.

IMO it's the timing... most people (including myself) are optimistic about the next few days due to various reasons, (ie Jan effect, long awaited institutional buying ,etc.). Never mind the underlying fundamentals... come Wednesday we should see some action when some people get nervous about their short term "gains".

Just my two cents here. I'm not a TA man either... don't even know how to spell the d*&^ thing, just relying on my amateurish market psychology exp.

What do you think???

Prosperous 1998 to you and see you in the AMAT thread,

SF