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Technology Stocks : IFMX - Investment Discussion
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To: Vish Vishwanath who wrote (11971)9/28/1998 11:52:00 AM
From: johnlea  Read Replies (1) of 14631
 
<< >>>....I see the resistances at $5.12 ..>>>

it looks like it has broken that barrier. where do you see the next barrier. we have three weeks before earnings come out. do you think we can get to 6 by then? >>

if the market doesn't tank again, i think 6 and possibly even 7 will be tested. but technically, both the dow and naz are at significant resistance levels, and many analysts think a retest of recent lows are likely in october. i do think both technically and fundamentally this stock has far greater upside potential then downside risk, so for 1+ year investors, i wouldn't sweat the short term moves, but for traders who bought below 5, i'd be ready to bale out of this sucker at this slightest hint of the stock and/or market heading back south.
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