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

To: Susan Saline who wrote (6755)	6/27/1998 6:07:00 PM
From: Dale Stempson	Read Replies (2) \| Respond to of 7685

RE: SYQT/IOM Charts Susan, I have to look sideways and squint my eyes a bit to see that these charts mirror one another. SyQuest and Iomega are certainly in the same sector and I would agree that macro factors affecting one will likely affect the other. As a short-term trader who closely follows the daily activities of both these stocks, I am not convinced that one follows the other, and I certainly would not make a play solely based on that assumption. SYQT for example, has so many variables impacting price movement that it is almost in a class of its own. Mega volumes of shares move in and out of positions on a regular basis due to factors such as its low price, large float, share conversions and day trading activities (to name a few). In addition, an unusually large number of investors speculate with this high-risk stock because of issues like the company's turn-around potential, the attraction of netting a multi-bagger, and the historical reminder of what happened to IOM stock when the Zip took off. While I'm not an expert with charts, I would suspect that the probability of being correct using TA is reduced significantly when dealing with a company in SyQuest's current schizoid condition. Good luck, and I hope you make a fortune with your investment methods. Perhaps you will consider advising the thread when you decide conditions are right and you initiate your SYQT position. As for me, well, I'll keep squinting at the charts, but will be reading the press releases, articles, SEC filings and thread posts with both eyes wide open and two hands on the keyboard. Regards - Dale