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

To: wayne nikituk who wrote (7509)	3/13/1998 12:35:00 PM
From: still learning	Read Replies (1) \| Respond to of 9124

It all depends on your time horizon. People with 1-6 month windows are playing with fire. If you had bought a year and a half ago at $8, or even 12-15, split -adj you would have a $4-7 cost basis. For a 2-yr return that's pretty good. While we're nowhere near those lows now, If we were to look backwards 2 years (starting from around Dec 97 to March 98) we would probably see that 17-19 represented a low and/or bottom-half point of the scale. It could, of course retouch those lows or even exceed them, just like in the last down market it retested 10-14 many times. Personally, I have a 3 year horizon. I'm one year into it. I bought at a split-adjusted cost of about 15, accumulated at various buy points, should have sold at $40 and knew it but didn't want the capital gains, and am absolutely sure that dog stocks come from bad investment decisions. Kick the dog if it makes you feel better, but by your own post, you had every opportunity to make money in this stock. What I don't get is this: if you're such a short-term investor WHY WOULDN'T you have sold at 40? And WHY DID you buy back in at 26?