SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : IMRS A Y2K FIRM SUCCESSFULLY REPOSITIONING ITSELF
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Peter H. Hodge who wrote (154)10/9/1999 11:13:00 PM
From: Byron Angel   of 188
 
Peter,
Every year around the first week or two of October quality companies that have run into temporary problems seem to bottom out and then start to recover. In 1998 October 8 was the bottom for the market and for a lot of stocks. For example, AFCI had been around 40, ran into some temporary problems, and by October 8 was down to 4. It's now 24. SAVLY had been around 50, ran into some temporary problems, and by October 8 was down to $7.50/sh. It subsequently traded as high as 25 and has since been bought out. By the first week or two of October mutual funds have pretty much finished dumping everything they want to get rid of prior to the end of their fiscal year on October 31. At around the same time people start to look beyond any temporary problems companies might be having and they start thinking about the coming year. Stocks that have gotten very oversold but have good prospects for the coming year then start to move.

I see this same scenario about to play out for IMRS. It looks like yesterday the stock hit bottom at 7 and has now turned around. How rapid the turnaround will be I don't know; it wouldn't surprise me if there wasn't all that much movement in the very short term. However, I'm looking for big things from IMRS in 2000. I see the same scenario played out every year. Quality companies with temporary problems get way oversold in the fall and then come back strong. It's going to happen again this time with IMRS.
Byron

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News