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Technology Stocks : SYQUEST -- Ignore unavailable to you. Want to Upgrade?


To: Fred Mah who wrote (5404)2/4/1998 10:28:00 PM
From: Rocky Reid  Read Replies (1) | Respond to of 7685
 
Re: NAMM

Yeah, I wished I could have gone to LA for NAMM. But I was stuck here in NY. I wanted to check out some new E-Mu and Roland gear. Also a new digital Mackie mixing board. Sigh. But here I am tonight, with some of the worst weather I've seen. It is simply foul out there right now, cold, sleet, windy.

I am starting to get a funny feeling that I should be buying SYQT pretty soon, as if they come even close to just breaking even, SYQT could be in for a 100% jump or more in very short order. This stock just explodes to the upside, and combined with its large short interest right now, makes for an interesting situation.

Shorts are sometimes very successful in driving down the price of a stock. Shorts drove IOM down into the ground to $7 last Spring. However, even with all of the short interest piling on SYQT right now, the price seems pretty stable at $2 1/2- $2 3/4. This could set the stage for a real short squeeze (something IOM can only dream about). SYQT last had a short squeeze this past Fall right before SparQ was introduced. Short squeezes are not foreign to SYQT like they are to IOM.

I am seriously pondering dumping my IOM position tomorrow at $10 3/8 (if it hits it) for a clean 20% profit inside a week. Not bad. I then will consider SYQT as a buy. I wish I could get in on a dip down, but its price has stayed relatively stable for awhile. SYQT was stuck at this same price half a year ago just before the SparQ Short Squeeze. It now looks primed and ready for another good trade upwards as Quest shipping date draw near.

With The Street's price run-ups of SYQT stock when ANY good news comes out, the Quest Is Now Shipping news release should give it a real good boost.