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Non-Tech : IMPX The New Folder: Post all New Messages Here!!

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To: Rick Mortellra who wrote (58)6/14/1996 10:02:00 AM
From: Bill O'Connoy   of 115
 
It's already known that Barry Carrington now has zero holdings........
If you look at Bloomberg news on IMPX yesterday you get a summary of all
the insider selling ......but we already knew this selling was going to
take place when the insiders filed to sell......the key to insider
selling will be if you see more insider selling at current levels of
IMPX....($11-13)......if so, then cut your losses and run as this will
show the officers don't have faith that they should even be a $5 stock.

My bet is that given the heat the company has taken, you do not see
significant insider selling at current levels and hopefully they act
in a more restrained manner if/when IMPX makes a comeback. I'm itching
to wave in some IMPX with an $11 handle but I just can trust these
officers just yet....

Bill O'Connor
.....long at $19.875 and not happy.
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