SYQT has been steadily creeping down 1/64 a point on average for a month. This action indicates there is a core number of holders refusing to sell even though the MM keeps dropping the bid daily. By all rights, SYQT should be trading below $2, but it still hangs around $2 3/4. The lack of published specifics concerning SparQ and Syjet sales is about the only worry SYQT investors have right now. All other bad news is already factored into the price, and this is the reason why the stock hasn't tanked below where it already is. Add to this the fact that 4.7 Gig Quest is about to ship, and this is a product that has no direct competitor. I predict it will be a big seller among professional DVD makers, audio/video houses, editing, and graphics people.
Make no mistake, just like AAPL, SYQT will shockingly return to profitability later this year.
You heard it here first.
I wish SYQT would dip below $2 soon, as I would buy a boatload. I predict SYQT will be $6 by the end of summer 1998. However, I want to get some cheap. Right now, it is not. I can wait for the price to stop it's gradual slide and settle as sales momentum begins to rise.
**This all hinges, however, on SyQuest's lawsuit against Castlewood and their Orb. I am going to buy an Orb, because it will be the best deal out there. If Orb does ship with a green light, I will not buy SYQT. And Syquest will have a much harder time returning to profitability. |
