Re: "I have been watching this site for 5-6 months and have seen your postion change. Have you moved from being pro Iomega, bear-syqt to pro Syqt, bear-iom?"
Since you're not the first person who's asked me this recently, let me respond by saying "Yes, well almost":
Past: I've been a diehard SyQuest bear for most of the past two years and have clearly posted as such. I've never liked SyQuest's new management team, share dilution, financial situation and stiff Iomega competition.
Recent Past: I completely bailed on my IOM long position and do not expect the stock to do much this year. I'd probably establish a bear position in IOM if it were to reach $8 in the short-term. Today the stock is a dog IMO. I've been frequently trading SYQT.
Current: I am a medium-term IOM bear and short-term SYQT bull. Please note however, that I'm currently only a trader in these two stocks. IOM hasn't offered much to trade on lately, but SYQT has been great.
So hankiba, Yes, I have changed my position. I still do not like SYQT long however, but I believe there's still plenty of opportunity to make money here.
Good luck to you.
Regards - Dale
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