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Technology Stocks : America On-Line: will it survive ...?
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To: chenys who wrote (3703)6/29/1997 11:39:00 AM
From: James F. Hopkins   of 13594
 
HI Chen; Cyrx is a go but the calls are not cheap, noticed you are
in SYQT..( we must think a lot alike ) but I got the data on SYQT
to late to catch this last pop up. Was still analyizing it when she
poped.
--------------------
Let me share with you some stuff on SYQT..short interest was
2700526 ...up 45% from last month that told me she was going
to pop..but I did not count on it being friday and was again busy
with AOL.friday, you see what AOL cost me..SYQT was really
a safer and better play.
-----------
That said I'l add SYQT only has a 16.2 M "float"..11.7 M traded
Friday..geezzz take out the 2.7 short ( you know they covered )
you got 9m real trades; thats over 50% of the float..now look that
seems stange as heck to me ( that big a percetage could trade and
her not go sky high ) what happened ? price sholdv't hit $10 at
least...unless a prearanged sale was made..that's it an agreed on
deal had to happen friday..some funds got out at fixed price..that
others aggread to pay, only way that much could move with such a
small price move.
------------------------------------
Well you can bet as she make 2.75 the shorts will take up
positions again..strong resistance at 2.75..new owners
may got in below what most think, I need be chart interday
chart and see were big voulume traded at, I'm looking to enter when she retraces below the point of sale that the most volume
changed hands friday..do an interday chart.
too much % of stock traded for me to think she have a lot
of lift left. 50% new owners in one day ? wow whats with
the sellers ? Had to be fund related; who ?
Jim

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