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

To: Z Analyzer who wrote (7463)	3/9/1998 8:56:00 AM
From: James L Wood	Read Replies (1) \| Respond to of 9124

Technically, things could be just about to turn. Still concerned with some of the market fundamentals - especially with Compaq news out. QNTM is at support, with about a 2/3 retracement off the highs made since the big drop to just below 18. Additionally, it now has 2 more gaps to fill: one which gapped down from 23 7/8 to open at near 23 on 3/3 and another which gapped down from 23 5/16 to open at 22 1/4. Near-term, IMHO, I see the stock moving back up to fill both gaps. Near-term in my definition is over the next 1-3 weeks. When it does fill the final gap, technicals should take it to at least the 25 level. If QNTM opens down on Compaq news, I'm buying more - potential of a 20-25% move up is worth a risk of 10% downside in my view. Of course, one must always risk the MARKET and weigh its direction. Make your own choice! Jim