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Strategies & Market Trends : Shorts waiting to happen

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To: Mark Dodd who wrote (127)6/3/1996 6:11:00 PM
From: Sabrejet   of 852
 
Hey Mark, that's a great question on the bancrupcy issue(i.e. Syquest).

There was a point made over in the Iomega thread concerning the strategy of SYQT. Business wise it is a classic blunder. If there was ever a time to short an issue it would be SYQT at it's peak tomorrow.

Go back and research classic business models that have failed. This company must live by that book. Suffice it to say, the price is not even competitive! What would one buy? A zip drive with proven performance or this "Flyer"?

As far as FIBR, nice volume and the gaps in price were tested a bit throughout the day. The opening wasn't that much higher either. It even fell back a bit after the early push but handled it with good results.

I wouldn't want to be a short @14 (Friday morning!) There's not too much air in this at this point.

Rich
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