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


To: Anthony Tsai who wrote (7579)12/31/1998 11:47:00 AM
From: Steve Casey  Read Replies (1) | Respond to of 7685
 
The quotes were entered incorrectly. Apparantly, buy looking at the order, it WAS placed at 11 3/8, but should have been 11/32. The order was cancelled however. Go to qoute.com to see, click on live charts.



To: Anthony Tsai who wrote (7579)12/31/1998 2:03:00 PM
From: Dale Stempson  Respond to of 7685
 
>>> Just remember that there is a HUGE short interest in SYQT so when the stock resumes trading, god knows when the stock will open, there will be buying pressure cause the shorts have to buy stock in order to close their positions. <<<

You assume SYQT "will" trade again. I suspect that the common will simply be extinguished. If however the stock does happen to trade again, I would imagine that the shorts would have absolutely no problem finding plenty of eager sellers. That "huge" short interest would be dwarfed by those willing to take anything in exchange for their shares. Once again I hope I'm wrong for the sake of those who are holding long positions. Good luck.

Regards - Dale