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Technology Stocks : SYQUEST
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To: Joe Reich who wrote (3457)8/2/1997 4:43:00 PM
From: Dale Stempson   of 7685
 
Re: Day Trading SYQT

Hey Joe, I think your recent buy/sell numbers (2-3/8 in and 2-7/8 out) are probably still mostly valid for Monday, with next week looking like it could continue to give us more good trading opportunities.

If there is a move down in the morning, I might be a buyer at under 2-3/8 with a plan to hold for the earnings news if it stayed and closed below 2-1/2. Any same day move back above 2-1/2 and I would watch closely for my best exit point and most likely dump the entire position before the market close.

If there is instead a move up in the morning, I'd simply look to bail on the entire position before the end of the day. If there is a late afternoon sell-off, I might buy as an earnings play.

Regards - Dale
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