Re: >>>It's only a good trading stock at this time if you're looking to lose money!<<<
Although I would agree that Syquest should not be compared to Iomega (or other DD and tech stocks), I would certainly back Maher's contention that SYQT is a good trading stock.
The stock has been and continues to be the definition of the word "dog", however, because of its low price, large percentage moves, and market sentiment, one can successfully trade this puppy based on news, emotion, perception and belief in the "Iomega Fantasy", even though its long term outlook is certainly questionable.
I for one have traded this puppy throughout its decline perhaps a hundred times or more over the past couple years and have done quite well. SYQT is many times predictable in a twisted sort of way and can be fun to trade.
Regards - Dale |
