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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Mark Oliver who wrote (3904)	7/2/1998 1:26:00 PM
From: LK2	Read Replies (3) \| Respond to of 9256

Warnings from SEG? If you check the warnings history of SEG last year, you will find that SEG was very inconsistent in its warnings behavior. Sometimes SEG warned it would have a bad quarter, and sometimes it didn't (even when a bad quarter was coming up). People on the drive threads were saying, when SEG didn't warn, that maybe conditions were finally getting better at SEG, and now was the time to buy more, or at least hold on. But they were continually disappointed. Are QNTM warnings, or lack of warnings, any better? Maybe a little bit. But if you recall, last year, when WDC warned, and the stock got slammed, QNTM issued a news report that conditions were still good at QNTM, and QNTM stock held up briefly. Then, when the Asian problems hit the market in general, QNTM dropped from the low 40s to the upper thirties. And then, QNTM price waffled around in the 30s until it issued the first of its own warnings, and the price dropped into the 20s range. (The prices for QNTM are not precise, just a general guide. While I held QNTM, it hurt too much to look at what the #@#^& price was doing.) What I'm saying is, you can't depend on consistent SEG warning. And even if QNTM warns or doesn't warn, I don't know how useful that would be as far as future price action is concerned. When things were still going well at QNTM, the price--at best--held shortly. And when conditions at QNTM got worse, the price dropped before or concurrent with the warnings. Sorry I couldn't give a better indicator on price action. Regards, Larry