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Technology Stocks : SYQUEST

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To: dartmouth who wrote (6265)4/29/1998 12:05:00 AM
From: Richard James  Read Replies (2) of 7685
 
Perhaps the usually silent should keep silent. Tomorrow's close, assuming a relatively tranquil market, 2 23/32 on the ask. The institutions will sacrifice a few shares on the bid to hold the price up as they unload their positions. There may even be a slight rally to 3 1/16 in the morning, but 2 1/2 by the close of Friday.

(Should it matter, I have no position in Syquest or Iomega, but had been looking at establishing long positons in them until now. I wouldn't short either at present prices. Based on the earnings report, I doubt I'll be buying into Syquest.)

Richard James
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