Re: >>>Where do we go from here? Are we going to see $1.80 again?<<<
Hamid, IMO, it's possible but very unlikely we'll break even $2.50 anytime in the near future. Something major and unexpected would probably have to happen, (like delisting, bankruptcy, management bailing, or inability to obtain financing).
It almost seems as if Syquest could issue a billion shares and report the proceeds as losses, and the stock price would probably bounce up on the news.
As for now, all eyes are currently upon the new drive "unveilings" (I don't want to say "roll-out" again). The EdHeads should be able to maintain an elevated stock price for quite some time based on their anticipated COMDEX product introductions.
The stock would likely drift down to your $1.80 level if and when they failed to deliver on new product promises and expectations, (perhaps similar to what we saw last year).
FWIW. Regards - Dale |
