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Technology Stocks : SYQUEST

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To: RagTimeBand who wrote (1529)2/26/1997 4:45:00 PM
From: RagTimeBand   of 7685
 
A few questions to the readers of this thread.

First of all let me say I own SyQuest stock and am currently underwater.

Now for my questions:

If Alphonse Fletcher Jr. is such a good trader why would he be selling his stock just when things are looking up? I ran into something like this years ago when someone was selling in a similar situation. It turned out that person was right and the rest of us ate it. A follow on question -- about 50% of the outstanding stock has traded in the past few days --- who's selling all that stock? I've been unable to get the number of shorts outstanding in Feb. Does anyone have those numbers?

I've been checking around and can't find any place that has more than 250 SyJet drives back orderded. If Syquest has $26 million in back orders that's about 52,000 drives! Does the $26 million include China?

thanks

Emory
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