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Technology Stocks : SYQUEST
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To: Dale Stempson who wrote (6144)4/10/1998 7:28:00 PM
From: Maher Sid-Ahmed  Read Replies (1) of 7685
 
It seems that this thread is over-analyzing this stock. Take a look at these stocks:
CMX went from $3 7/8 to $7 3/8
TYL From $1.5 to $10.5
...etc
and I am sure you can find a few of your own. These stocks have one thing in common - they are losing money. Why their stock price jumped up rapidly is anybody's guess.
If based on fundamentals and earnings then Yahoo that earned only 7 cents on sales of $30 million should not be trading at $100+ but maybe somewhere between $7 to $10. MSFT with earnings of $1.35 per year should be trading in the low 20's. However, the market disagrees and valued these stocks at the present level. When Mr.Market sees fit it could raise Syquest to $20 or trash it completely.
If you want long term safe investment stick with top performers on the Dow Jones or pick stocks with future low P/E's.
Though, I still think SYQT will hit $10 this year - but that is my opinion based on the popularity of their products and not on present fundamentals or projected sales.

Maher

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