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Technology Stocks : Qwest Communications (Q) (formerly QWST) -- Ignore unavailable to you. Want to Upgrade?

To: George Sepetjian who wrote (3655)	4/30/1999 11:00:00 PM
From: Andmoreagain	Respond to of 6846

Regarding QWST valuation, it should be noted that the stock has corrected about 24% from the high. Additionally, if you measure the advance from the most recent breakout, which occurred when QWST rose above $60, then the total advance covered $44. Technically, a "normal" retracement of such an advance following a breakout would be 50%, or $22; $104 minus $22, gets you $82. Would you like to hazard a guess as to the low today (which appeared climactic)? It was $82 and a small fraction. The defense rests...