SYQUEST Message Board - Msg: 1901053

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Technology Stocks : SYQUEST

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To: D.J.Smyth who wrote (3543)	8/4/1997 5:03:00 PM
From: Michael Coley	of 7685

RE: They're working on it. I don't mind not having my short go through. It would have been a fairly small trade (1K shares). I prefer being long on stocks, but saw the runup today as a very good short-term "short" play. Any positive surprise is already factored in. I was a little upset that the brokers at Lombard gave me bad information, though. The price of a security doesn't make much difference to me, although I prefer stocks in the $5 to $30 range. Lower than that and it's hard to get in and out without the spread killing you. The spread has been 1/32 for SYQT, though, which is about 1%. That's like 1/4 on a $25 stock, which seems reasonable. RE: The delay -- they're working on it. Maybe they're working on finding some problems in Iomega's earnings statement so they can talk about it instead of theirs? <G> Or maybe they're making last-minute arrangements with an executive search firm? <G> - Michael Coley - i1.net

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