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Technology Stocks : SYQUEST
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To: Raven McCloud who wrote (3998)10/1/1997 4:38:00 PM
From: dwight vickers   of 7685
 
Michael,

The spike to $3 3/4 in late winter was the spike rally off of what has become the lows. Now it's traded in between for 7 months or so, and as I stated before, has a great looking short term chart. The higher lows and volume are impressive.

Throw in the insider buying and marketing push, and I would be careful on the short side.

It could pull back to $2 3/4 here and not change the positive pattern. But it tried the last couple of days and could not.

This is a rough time of year for beaten up stocks, with Mutual Funds doing year end tax loss selling in October, followed by the public in December. But if it holds above $2 3/4 we may see a test of $5. If not soon, at least in a January bounce.

Good luck,

Dwight
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