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Strategies & Market Trends : Shorts waiting to happen
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To: Maynard E. "Buzz" Mills who wrote (277)7/17/1996 4:14:00 PM
From: dppl   of 852
 
Hello Maynard,

My take on SYSF:
A lot of software cos. were upgraded today. A bounce to about 36 on SYSF is expected. From a short's point of view, what happened today is not disturbing since most of the uptick at the end of the day came from small share buyers - 1K or so - and seemed to be inspired by a sector shift that went across the board.

I would say that shorting now would still be excellent. Anydown tick in the NSDQ willl whack SYSF like any other high P/E issues that have broken neckline so decisively.

good luck

dppl
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