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Technology Stocks : Sequent
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To: van wang who wrote (774)1/21/1998 2:20:00 AM
From: Gordon Quickstad  Read Replies (1) of 1229
 
I generally believe that news follows price. I would guess from today's price action that a rumor is getting around that SQNT is going to miss their street estimate of $0.44 a bit (maybe $0.05 if I had to guess?). Last summer-to-fall, I went from 17 to 28 and sold half and now maybe I'll get to do it again with the remaining shares. I would not have been a shorter at 28 back then unless I was clairvoyant. I will take a stab at one-way (upside) clairvoyancy and predict that the stock will be above 25 in next 3 to 6 months.
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