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Technology Stocks : Systemsoft Inc. (SYSF)

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To: Tom McDonald who wrote (159)8/4/1996 4:38:00 PM
From: Jim Roof   of 3529
 
Tom,

It's always nice to hear a kind voice from the 'other camp'. I suspect that at this moment there is much less short interest in SYSF then there was Friday at 9:29 a.m. I would be careful and be on the watch for an 'end around' taking prices back to 19-21. If this area is broken then SYSF, depite Mark's gloating, will not do well at all.

SYSF still has the potential problem of profit-taking by the nimble, non-attached trader, and loss-taking by those who bought in high 20's-30 who are watching closely now for more attreactive exits.

Mark was very convinced that 20k blocks were institutional investors going long. I am not so sure that they weren't institutional investors covering shorts. I personally would find it hard to believe that many fund managers are looking for high PE issues in unproven companies with the incredible volatility that this market has shown.

Would you buy more SYSF now? Not ragging you - just curious.

Take care,

Jim
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