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Technology Stocks : Equinox Systems (EQNX)
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To: DD™ who wrote (580)6/30/1998 11:22:00 AM
From: Rob S.  Read Replies (1) of 765
 
I wouldn't be surprised to see EQNX retest near the low but expect it to rise to about 11 on a "technical re-bound" through the summer. Good time to buy, IMO.

Another stock that is somewhat similar is Midway Games (MWY). It recently spun off from it's holding company, freeing up float but improving the financials. The timing was perfect for it to get clobbered (similar to EQNX with the split). The stock also tends to have a seasonal variation, doing poorly during the 1st and 2nd quarters and better toward the fall/Christmas buying season. Bad set of circumstances for the stock price. The chart now looks ready for a break-out.
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