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

To: Dale Stempson who wrote (6386)5/14/1998 9:53:00 AM
From: Michael Coley  Read Replies (2) | Respond to of 7685
 
RE: Trading Strategy.

Dale,

One thing to keep in mind is that as the stock price drops substantially below $3, the warrant conversions (i.e. SyQuest's main cash source) disappears. As a result, they will be forced to pursue new financing and offer considerably better incentives for warrant holders to exercise. At $2, the dilution will likely increase at a rate of at least 50% faster than it did at $3. This deadly spiral will be very hard to stop. I'm feeling more and more comfortable with my prediction (about a month ago on Yahoo SYQT thread) that SYQT will be below $1 within 6 months.

- Michael Coley
- wwol.com



To: Dale Stempson who wrote (6386)5/14/1998 10:59:00 PM
From: The Vinman  Read Replies (1) | Respond to of 7685
 
For what its worth, SYQT has reached oversold levels using Stochastics and RSI. In the past the stock has moved up after such a sell off, but its just a tool with no guarantee...how did they do last Q, and what is the future outlook?

Vinman


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