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Technology Stocks : SYQUEST
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To: Angel Medina who wrote (6310)4/30/1998 3:57:00 AM
From: Michael Coley  Read Replies (2) of 7685
 
RE: Don't kid yourself!

Angel,

Don't kid YOURSELF...

The venture capitalists wouldn't have sunk millions of dollars into a company as insolvent as SYQT if they didn't think they would make money on their investment even if SyQuest goes out of business. Who do you think is doing the shorting when SYQT pops its head above $3? It's the venture capitalists, locking in their profits. Notice that the short interest dropped when the warrant holders exercised some of their warrants. THEY were the shorts.

- Michael Coley
- wwol.com
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