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Sherlock356

08/18/04 4:53 PM

#286002 RE: Zeev Hed #286000

I agree Zeev that they wont release the reserves and I dont think they should really. They want that for a true emergency if it happens...ie a terror attack against a major suppler etc...
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i_vitale

08/18/04 5:04 PM

#286010 RE: Zeev Hed #286000

Zeev, QLGC closed above 20 MA for the first time in 2 months. What would you want to see happening to declare it healthy and fit? Do you think a market on the way up would be enough for it to rebound (the way it was these 4 days)? Or do we need to wait for a fundamental healing of the storage sector before QLGC finds its way up?

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Burk

08/18/04 5:56 PM

#286030 RE: Zeev Hed #286000

Could be, but maybe later this summer/ early fall it might happen. I can't see Bush letting the price get "more" out of hand. Plus, it may serve as the impetus of a big traditional fall rally...not to mention bolster the economy in an election year. I know he'd be accused of politics, by doing it, but if it provides an impetus for the market and economy, I'm sure stranger things have happenned.....