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Technology Stocks : Systemsoft Inc. (SYSF)
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To: Bill Harmond who wrote (195)8/20/1996 7:37:00 AM
From: Jim Roof   of 3529
 
William,

I was in discussion as regarding SYSF as a short. AMTX, SHVA and ASND all gave the same indications as SYSF and fell to the expected levels. So, yes, they behaved. AMTX dove from 22-23 to 11. SHVA showed a short at 72 and dove to 44. ASND I do not follow as closely but it was at 62 at good earnings announcement and then lost about 14-17 points. From a short perspective, this is good behavior.

SYSF has shown the same technical pattern and a minimum target of 12 but has yet to follow through with its decline after the downside breakout.

Jim
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