Continuing the IFMX discussion and more... Message Board

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Strategies & Market Trends : Continuing the IFMX discussion and more...

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To: Robert Graham who wrote (180)	9/12/1997 10:01:00 PM
From: Melissa McAuliffe	of 206

The last time IFMX did this I shorted at 11 1/2 though chickened out and closed this at 11.(My one and only short to date) Now that I have level 2 options approval I can buy puts. So now have something else to consider. I know you feel the stock will drop back so wonder what your thoughts are on either of the above. I figure wait until it tops out and then starts to drop back down. Would be especially good if it can get up close to 12 then have more time to evaluate. I guess it all depends on what the news is. With the exception of an acquistion I don't see how IFMX can stay above 10 for the short term. Though I did notice that SYBS moved up quite nicely on the ibm takeover rumor and continues its uptrend. However, I think the uptrend had started before the rumor and Sybase is much furher along than IFMX in its turnaround. SYBS is another stock I had and gotten rid of just before it started to move up significantly. Another small profit and a missed uptrend. Oh, well... Melissa

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