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Technology Stocks : Systemsoft Inc. (SYSF)

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To: steve who wrote (3092)2/23/1998 12:30:00 PM
From: Jimbo Cobb  Read Replies (1) of 3529
 
SYSF has now almost fully recovered the 40% drop it suffered a few weeks ago with the earnings pre-announcement, and the only news is that Micron, an existing SystemWizard customer has extended the product to their notebook units as well. This is good news, but I don't know if it is worth a full recovery of the recent drop...of course, one could argue that the price was already too low before the drop. If you bought at 3 1/4, you are up nearly 50% in about 2 weeks.
Some profit-taking/resistance may kick in here....unless they get a NEW customer to sign up for SystemWizard, I doubt the stock will make much more headway over the next few weeks as we prepare to see just how bad the earnings really are.
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