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Technology Stocks : SYQUEST

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To: Michael Coley who wrote (6157)4/15/1998 10:59:00 PM
From: JP  Read Replies (6) of 7685
 
With all jiberish aside...

Syquest upside potential is much greater than their downside risk.

I bought this stock since they just received the PC Magazine's highly read/regarded 'Editor's Choice' award. It's quite powerful when they make statements similar to, "surpasses Iomega", etc. This alone sets the stage for an upside trade. It's also nice to see such large block insider buys.

SYQT could really run up if they announce that demand is huge (likely), they are now making a profit on each unit, and they see profit margins expanding from here (unlikely, but... ). If they don't make this announcement on this round, I still believe there will be an opportunity to trade out of the stock for a healthy short term gain.
New technology announcements are constant. Consumer market acceptance/momentum is much more important to pay attention to.

Anyone know when earnings are scheduled to be announced??

JP

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