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


To: Gary Wisdom who wrote (6510)6/3/1998 12:17:00 AM
From: Dale Stempson  Read Replies (1) | Respond to of 7685
 
RE: >>> The stock has been selling off big since the shareholder meeting last week. <<<

Gary, the shareholder's meeting is scheduled for Monday June 15th.

and...

No, my stop didn't trigger yet, although it couldn't have come much closer as I have it set at 1-5/16. I'm hanging by a thread and will be lucky to make it past the opening in the morning.

and...

Yes, I don't have a lot riding on this particular trade. I had set a series of 3 buy-limits for the day when SYQT continued moving down. It appears I was lucky that only the first one hit.

It's always difficult playing with tight stops because the tendency is to want to hold on just a little bit longer. SYQT makes this a little easier for me because I don't want to hold this stock any longer than short-term. <g>

In any case, ya can't win if ya don't play. I still have a remote chance, and perhaps tomorrow will be better.

Regards - Dale



To: Gary Wisdom who wrote (6510)6/3/1998 12:29:00 AM
From: Mike C  Read Replies (2) | Respond to of 7685
 
Gentelmen- Time for a rational analysis of the situation.
It seems clear there is a panic sell going on (to say the least).
Is this really the result of the stockholder's meeting?
Strange no mention of meeting results on this thread if they were that significant.
What ever happened at Boston Tech conference a few weeks ago?
What is the situation with all those investment bankers and their warrants/par value deals? (at current stock falling rates looks like we'll all get a par value deal soon).
What are conditions for and probability of de-listing?
Is there a factor that will stop/slow fall in stock price,i.e. option point?, warrants?, speculative bargain hunters?, or is there a clear shot to zero?
Best guess for next few days please ....

Mike C