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

To: Frodo Baxter who wrote (8508)	2/25/1999 7:59:00 PM
From: Stephen O'Hara	Respond to of 9124

The thing that scares me the most about our situation is that the volume is picking up and is going back over the 3 and 4 million range and we are still going down. In the last couple of weeks we were losing value, but the volume really wasn't that heavy. Ya know the funny thing, I was really depressed in Vegas when we were at 24, and I felt like I blew my opportunity with QNTM because I "only made 9 points off it." Well life has a way of taking spoiled cry-babies like me to the woodshed, huh. Imagine how "disappointed" I am now? Hey, remember that little trend I told you about with QNTM and AMD? I'll refresh your shell-shocked memories: AMD & QNTM trade in a lock step... AMD goes to 20, QNTM follows, AMd to 30, Qntm follows, AMD goes to 20 and spills the profit warning then tumbles to 17, Qntm falls from 29+ to 20, now to 18. Last close today, AMD 18 1/6 by 1/8 Qntm 18 1/16 by 1/8. Hey and I warned about this when QNTM was at 23 and AMD was at 17. I got out at 21.5 only to buy back in at 21.5 a few days later when we double bottomed at 20. This is just unbelieveable. No sane person without inside knowledge would be selling a stock for 18-20 when it was 30 a few short weeks ago. On no news, why would anyone sell? Unless of course its to fend off a margin call. The only thing that I can say is that they had better bought somebody good, that has to be it. Or a profit warning. If so, announce it already! This no news or no statement in the face of this ass-kicking shows no respect or regard for their shareholders. BTW-- the only way to play this market is with stop losses, price targets and the discipline to walk away from a stock if it breaks below a certain level. There is no way we should be holding this stock at 18 when it was at 30 a month ago. The stop loss should have gone in at 25 when we were in the 27 to 29 15/16 range and when it pierced the stop loss----screw it---let it fall and buy back in at around 17.5 to 20. Move on to something with value. A month a go we could have picked up the Mirage at 13 bucks or Circus Circus at 11. The gaming Industry who got clobbered and stayed down. Lookat it today, money leaves the techs and gaming gets CPR. MIR at 20, CIR at 18. I just hope I got the discipline to take profits and go to value. But its just so hard to walk away from a stcok that your attatched to, ya know? Good luck, gang Steve AA