IMP, Inc. (IMPX @ 7 1/8)A sympathy play with IOM?? Message Board

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Non-Tech : IMP, Inc. (IMPX @ 7 1/8)A sympathy play with IOM??

IMPX 4.260

-1.2%

Nov 28 9:30 AM EST

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To: Xavier who wrote (2373)	4/30/1997 4:24:00 PM
From: mike mccann	of 2560

Xavier, Thanks for the date on earnings. I've been in and out of this stock several times, and right now I'm net break even. I did buy today at 1-11/16. This is a good trading stock. The spread is normally 1/8, but you can usually get an execution midway between bid and ask if you wait until later in the day. If I can get a point out of it, I'll sell. Would rather not wait for earnings. Maybe there'll be a rumor or something before then. You mentioned a low-priced stock yesterday. My favorite is ACES priced at 1-1/8, with book value of about a buck, mostly cash, and fairly consistent earnings of about a quarter annually. Typically trades with a 1/32 spread. Don't know why it's so cheap. Mike

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