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


To: jach who wrote (5679)2/28/1998 2:41:00 PM
From: Andrew Shih  Read Replies (2) | Respond to of 7685
 
Shorting SYQT.

Well, I'd wager that most brokerage firms wouldn't allow new shorts
of any $2-3 stock. Thus, many of the shorts are from much higher
levels. When you're way in the black, you're probably not too worried
about waiting until SYQT goes under.

I'd give SyQuest around a 25% chance of surviving this year. In order
to do so, they've got to sell lots and lots of SparQs. They also
have to continue paying with stock instead of cash <g>. If the Orb
is released, I'd bet that SyQuest stock drops 50% within a month.

-Andrew