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Technology Stocks : Equinox Systems (EQNX) -- Ignore unavailable to you. Want to Upgrade?


To: Scott H. Davis who wrote (194)11/6/1997 2:45:00 PM
From: HeyRainier  Respond to of 765
 
Scott, here's a recent post of mine regarding the QSound situation:

exchange2000.com

This is the main reason I am a shareholder of the company, in addition to the TA aspects of the stock. Take a look at the 10-year history of the stock. The turnaround at the company, a reduction of debt, litigation costs, plus a rise in revenues from the move digital movement(plus DVD's), plus this deal with Starkey give me reason to believe that the 6 year base from $2-$5 will be broken during this current upswing in prices for QSNDF.

A breakout would be significant, as I believe it will trigger sponsorship from institutions, as QSNDF gets out of the dreaded Penny Stock category. Technical analysts, momentum players, and others like myself who will be looking to add to current positions once it becomes marginable will all be driving factors in the upward movement. The production of the hearing aid is due out in February of '98, and as Wall Street is a discounting mechanism, I expect the stock to begin a movement a few quarters before its release.

When I became a shareholder of EQNX, my decision was based on fundamental developments that had already been in place(strong balance sheets, growth, management, share buyback, the works.) I just wanted to sit on it until it became noticed again. In other words, wait for the TA to catch up to the FA. In QSNDF's case, it is analogous to EQNX's situation; it is also a matter of waiting for the TA to catch up with the FA, except that this play is based on more of an anticipatory role, rather than the pre-existence of significant fundamental factors(that's not to say the fundamentals aren't strong; they are also very good in QSNDF's case).

Regards,

Rainier