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Technology Stocks : SYQUEST
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To: Raven McCloud who wrote (3994)10/1/1997 12:19:00 PM
From: dwight vickers   of 7685
 
Right, the Market Makers run the market.

I think if you look closely you will see this is the highest price in the last 7 months and the recent pattern of higher lows with big volume on up days is very positive.

I would want to see a close above $3 3/4 to call it a real breakout. No resistance between there and $5.

I think Bill O'Neill would have a wet dream if he saw this chart.

On another note I suspect that the recent insider buying is 90% of the reason for whole upmove. Insider buying is followed closely by mutual fund and other money manager types. Very closely. I think that they tend to buy even before they do due diligence because if they wait the stock tends to run away from them.

Please tell me you don't believe the stock hypers claims about MM's being the moving force in the market.

Dwight

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