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On Fri, 11 Jul 1997 07:00:12 -0400 (EDT), you wrote:
>A small note here. Quantum is the only drive maker which makes the new
>Ultra-ATA-2 type drives. As far as I know, no other driver maker makes them
>yet.
That's nice for us QNTM shareholders. But I don't expect the monopoly
to last long.
None-the-less, QNTM looks better than SEG. So does WDC, but I chose
QNTM to trade.
My last trade was in at 19, out at 24. Then back in at 19 again.
Now my question is: do I get back out, now that QNTM is back to 24, or
do I stick it out for another couple of points? I think we'll surpass
the previous high of 25.
QNTM seems to be in a shallow uptrend channel. I draw the support
line thru the lows of 3/19 and 5/22. But I don't know exactly where
the resistance is. Anyone?
You can draw a line thru the highs of 2/25, 4/9, and 5/6, but this
line is not parallel to the support line and the 50-day MA.
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