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

To: John A. Shaffer who wrote (6927)1/4/1998 11:17:00 PM
From: Jolo  Read Replies (1) | Respond to of 9124
 
I agree with your analysis John on the trading activity on Friday. While it was an impressive jump for a beaten down stock....the buying and selling volume does not look good. IMHO we are looking at least 6 months from now before we would see any positive movements on the upside, assuming the company and the whole sector stop killing each other. BTW, if you guys think taking a 30-40% lost after disappointing earning announcements is bad, I took a 40% haircut with TXN after company reported better than expected earnings, stock splits, etc.



To: John A. Shaffer who wrote (6927)1/5/1998 6:57:00 AM
From: Mike Harvey  Respond to of 9124
 
You're right; vol Fri relatively light. But what volume there was was practically all Up volume - look at intraday. Nonetheless, I agree we need confirmation. As noted in orig post, today's action - 1st 'normal' trading day in a while - will tell us whether the reversal is an honest one or a blip. Gimme my a.m. dip and a p.m. recovery and I for one am a buyer.


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