Systemsoft Inc. (SYSF) Message Board

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Technology Stocks : Systemsoft Inc. (SYSF)

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To: Brian Fuller who wrote (189)	8/19/1996 4:01:00 PM
From: Jim Roof	of 3529

Brian, Maybe it would be better to classify SYSF as a momentum stock whose fundamentals are out of proportion to its trading. Sort of like IOMG. Whether SYSF is genuinely manipulated or not, it has been a real bad actor lately from a technical standpoint. If we assume that technicals are used to paint of picture of market shifts in buying/selling pressure and tendancies to moves which are set up by a series of recorded moves, then SYSF has been a moderate failure. I had a target of 12 when SYSF actually only reached 14-15. Most of the good patterns I have seen lately have also been on the NASDAQ. SHVA, AMTX, ASND all have behaved perfectly. I think the difference with SYSF from a technical standpoint may be the low volume that ocurred on the 'head' at around 27-30. Had this previous range had more 'gravity' then there would be significant selling pressure as we get close to that point but at this time I think that many of these folks who would have panicked have already done so. All this said, I still would not want to be long in SYSF. But good luck to you anyway! Jim

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