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Strategies & Market Trends : The picks

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To: Trader X who wrote (3202)	1/28/1997 12:20:00 PM
From: Andrew Vance	of 6124

AV SYQT - absolutely no disagreement with your assessment. It is a real gamble as to whether they do less crappy than expected. It is a real short term gambling play based solely on a positive reaction to a less negative situation. ASYT trading was halted at the end of yesterday and a $2.21 loss was announced relative to acquisitions and discontinuance of operations. ASYT has always been may standard bearer of a manipulated stock by the MM. That was again evidenced today by their inability to agree on an opening price. The bid/ask at times was extremely tight on a stock that usually has a spread of more than 1/2 on a consistent basis. Most of the time you can see $1-2 spreads when the MM are screwing around with it. These guys are the poster child for SEC crackdowns in the NASDAQ arena. Either way, bad news was greeted with an increase in share price since, the bad egg was cast aside. WFR had better than expected crummy earnings and was up close to 2 dollars before it closed up $1. This is a small gambling play that the MMs or institutions might favorably respond to better than expected "real crummy" financials by SYQT when they report in the next few days. I do not think they will report worse financials so I do not beleive the price of the stock would go down. It is a lateral move or increase in price with no apparent downside risk, IMHO. Gamble could be the loss of commission if the upside does not occur. BTW- I love my ZIP so much, my wife swiped it from me and is forcing me to buy a Jazz. Poor Andy. I wouldn't buy a SYQT under any circumstances and beleive the ZIP will replace the 3 1/2 disk drives real soon, which will put SYQT in the grave. Finally, it now comes to me that the point I was trying to make is that SYQT could be a short term trade or day trade based on impending news. No quality of the company information is considered.

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