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

To: John O'Neill who wrote (7819)	5/15/1998 5:28:00 PM
From: Joe Casey	Read Replies (2) \| Respond to of 9124

J.O. - you beat me by a 1/16...I covered at 23 1/16. Was looking for 22 7/8 bid but it never happened. Don't know if you were asking me or "Mark" whether I think it will test 20. If you're asking me, I think it will...eventually...so, why did I cover? First, I wanted to lock in profits. Second, I noticed some strength left in QNTM after it dipped below 23, and it signaled to me that it'll probably go back up to 23 3/4 or more before it resumes going down. I have a feeling it might attempt to gain back some on Monday. A short term downtrend has been established but it may or may not be a prolonged downtrend. If next week it goes back up and challenges 24 I'll probably jump back in, but with caution. Best of luck.