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Technology Stocks : SYQUEST

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To: Anthony Tsai who wrote (7579)12/31/1998 2:03:00 PM
From: Dale Stempson   of 7685
 
>>> Just remember that there is a HUGE short interest in SYQT so when the stock resumes trading, god knows when the stock will open, there will be buying pressure cause the shorts have to buy stock in order to close their positions. <<<

You assume SYQT "will" trade again. I suspect that the common will simply be extinguished. If however the stock does happen to trade again, I would imagine that the shorts would have absolutely no problem finding plenty of eager sellers. That "huge" short interest would be dwarfed by those willing to take anything in exchange for their shares. Once again I hope I'm wrong for the sake of those who are holding long positions. Good luck.

Regards - Dale
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