SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : QUANTUM -- Ignore unavailable to you. Want to Upgrade?


To: money man who wrote (7629)3/23/1998 9:09:00 PM
From: Happy  Respond to of 9124
 
All US stocks will go through another correction in the next three
months. Actually every 9 month there is a correction.

Oct 95, June 96, Feb 97, Sept 97 and May 98???.

members.aol.com

The cause of the correction is people are waiting for Windows 98,
and delay the purchase. It's bad news for DRAM, Processor, Hard
Disk and OEM sector, because you have to cut price to sell it.
Not too bad for IOM, because it does not need to cut the price to
sell it, while look at IOM stock price, you won't feel very happy
neither.

So what, after June Windows 98 release, happy bull will come back!

Cheers!



To: money man who wrote (7629)3/23/1998 11:01:00 PM
From: Tom Barnum  Respond to of 9124
 
This week could be nasty.
Tomorrow may bounce around between 18 and 20, just like the December drop to 18. This time, though, the drop to 18 is only 10 percent, a lot less than the 25 percent drop in December. May not be quite enough of a drop to attract the bottom-feeders.

I'll bet there will be a lot of stop-sell orders around 17 1/2. If a couple of funds decide to do some final house-cleaning for the quarter, this week could be nasty. If that happens, I wouldn't be surprised if they buy the stock back next week.