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Technology Stocks : SYQUEST

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To: Horran who wrote (1398)1/16/1997 3:18:00 AM
From: john dough   of 7685
 
Horran,

I am not going to sell my shares if that is what you are asking.
The Jan. option expires on Friday. The price should remain depressed to lower until Monday. February will be very important. Numerous Feb Calls at the 5 strike price would indicate a bullish sentiment, and the number of Calls for Aug at 7.5 are outrageous and bullish, or I am getting erroneous info. 1/16/97 is an excellent day to buy late in the day.

Contrary to Dale's doomsday forcasting, I think the end of January and February may indeed bring a pleasant surprise. The candlesticks indicate a possible hammer for January. A definite positive for a move up in Feb.

Finally, it would seem that the shorts are covering in this area, evident in the volume. A late attack on Wednesday brought cloudy weather, but the intraday charts indicate a willingness to send this chart higher. Possible double bottom, but should such a bottom present itself I would be more bullish long term. IMHO
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