Equinox Systems (EQNX) Message Board

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Technology Stocks : Equinox Systems (EQNX)

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To: Capitalizer who wrote (354)	3/23/1998 11:24:00 AM
From: Rob S.	Read Replies (1) of 765

Now I noticed that the price has pulled up off the 20 1/2 level on higher volume orders and a few orders have executed at 21 1/8 to 21 3/8. "Hmmm . . . let's do a few trades down now that no one is trading EQNX this morning and then buy at the lower price. Pure speculation, but a posible explaination of this mornings trading pattern. Many traders probably figured that the market would get spooked by the oil cartel deal and that would create opportunities to ramrod some stocks around. There is a big spread between the bid and the ask, 20 5/8 by 21 1/4 and the volume remains low. I think EQNX is not likely to trend downward, at least not today. This could mark a bottom of the pull-back and a time to buy. My target for the next three weeks is for a move up to around 24 1/2 where it should base for a while. Just my wild-ass guess.

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