SYQUEST Message Board - Msg: 2412946

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Technology Stocks : SYQUEST

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To: Dale Stempson who wrote (4140)	10/10/1997 2:56:00 PM
From: Rocky Reid	of 7685

Looks like there was some sort of shakeout tried about 2:30, and failed for the most part. We're back above the $5 level now. Assuming a close above $5 today, SYQT is primed for a move above $6. With the heavy volume accompanying this upsurge, if enough shorts pile on, we could see a massive short squeeze coming shortly. Remember the $5-$12 jump a year ago? My position continues to be very aggressive, but I believe that more shakeouts will be tried. But leading up to Comdex, SYQT will advance for a longer period of time than what some here would have you believe. These new products will put a serious hurt on Iomega's margins, because of price matching.

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