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Technology Stocks : SYQUEST

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To: Cameron Dorey who wrote (3908)9/19/1997 9:24:00 PM
From: Ed Aviza   of 7685
 
Actually, I meant it was turning around from the morning's sell off. I wasn't surprised to see it drop quickly to 2-7/8 because with a 20% run like yesterday's a little profit taking was expected. But, after the day's low of 2-7/8 it turned upward and scratched and clawed its way back to just shy of the previous close, which I think (hope?) may be a good sign. I'm just happy to see that it's still above $3 and hope that perhaps Monday we'll move up another 1/16 or 1/8. Then again, I have a stop loss at $3 so if it drops back again I'll lick my wounds and get on with life with other stocks. I looked over the chart for the past year and noticed a 15+ million share day with a decent price spike back in June that dropped back the next day or so. I hope we don't have another one of those going on now, but it certainly is possible. I'm not looking for miracles, though, and will take a small loss in the short term over a big loss in a few months...
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