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Technology Stocks : SYQUEST
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To: FuzzFace who wrote (6680)6/15/1998 11:10:00 AM
From: David O'Berry   of 7685
 
*OT*This "Death Spiral Convertible" is a real and ferocious tool to illegally manipulate stocks. It is only a matter of time before someone gets really killed doing these things. I am not long SYQT yet but have been interested as of late. I watched a situation exactly like this with a BB stock CPFC. This stock has a good story, earnings, and increasing revenues. It did this convertible and got destroyed. They are in a law suit against the naked shorts right now and I am sure the shorts would rather settle then have their butts called out on the uncoverable short they have out. It is simply criminal to hammer on investors this way. This is a no lose situation for these shorters and a lose-lose situation for individual investors. Maybe these guys will finally get their "shorts" handed to them and all of these little companies will enjoy a squeeze. Of course, this is just IMHO.

Thanks

David
doberry@mindspring.com
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