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Technology Stocks : SYQUEST

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To: Gary Wisdom who wrote (6495)6/1/1998 9:53:00 PM
From: Dale Stempson  Read Replies (1) of 7685
 
Re: >>>Dale, ARE YOU CRAZY? <ggg> Good luck. How much are you looking to scalp? 1/16?<<<

Yeah, I'm crazy and should know better than to fight a trend like the one SYQT is experiencing. It was only a few weeks ago when I was shot down and stopped-out with a 10% hit in less than a week, and the stock was at 2-1/2!. (Perhaps the EdHeads shorted this puppy for a little payback.<g>) Seriously, I still believe that some positive press could come soon and nudge the price up.

I jumped in today because SYQT was dragged down in a small way along with both the market and the sector, but in a large way due to the Iomega news. I don't believe the Jaz price cuts impact SparQ and am betting that we'll soon bounce back.

I'm shooting for 20% short-term (1-7/8), although I'll be watching closely and might adjust depending on the trading action. I'll likely take my medicine at 1-5/16.

Regards - Dale
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