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

To: Gottfried who wrote (7182)	1/30/1998 11:51:00 PM
From: Darth Trader	Respond to of 9124

QNTM already has found support at the $23-$24 level. Hope that the nasty gap between $19 - $23 was filled today in one trading session, and will not be revisited, even on profit taking. Next resistance at $30.

To: Gottfried who wrote (7182)	2/1/1998 4:03:00 PM
From: still learning	Read Replies (1) \| Respond to of 9124

As a QNTM bull, I'm still here and heavily weighted in this stock. I think it's a mistake to do too much back slapping right now. What we are seeing is a recovery from unexpectedly depressed levels, and therefor the current bump could be either a delayed dead-cat bounce, or a more encouraging start of a long term upswing. IMHO it is too early to tell if this will hold. The sector remains under pressure -- both real concerns and psychological weights. SEG and WDC may well continue to see problems even when QNTM breaks away based on DLT profitability. That may not, however reflect in the stock, since this is, as we saw Friday, largely a group that still move in tandem with one another. Don't get me wrong -- I'm ecstatic about Friday's move. But I don't want to celebrate too soon. FYI, as a statement of position, I continue to hold -- I did not buy in the teens as that was already my avg. purchase price and am already overweight in this stock.