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 4.190

+4.2%

Nov 24 3:59 PM EST

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To: mike mccann who wrote (2393)	5/7/1997 5:52:00 PM
From: Xavier	of 2560

mike: I need to reach at least $8 to break even! I'm not even going to ask you what you think my chances are. I have thought about averaging down (again) but I don't want to lose my socks to go along with my shirt! This was one of those times I listened to my former stock broker. It makes me sick to think about it! On the other hand: As of two weeks ago, my entire portfolio had a 28% loss, but since that time, I have regained 15%. A great chunk of that loss was from IMPX and IOMEGA. Thankfully, IOMEGA has gone up almost $5 in the past few weeks. If it goes up a few more points, I will get out of it with my shirt. (My former broker recommended IOMEGA at $37) I have worked like a half-crazed person to recover from the damage done by listening to A.G. Edwards. The broker even bought one stock that I told him not to buy. He denied that I had stopped the order and I ended up losing 50% of that stock. I have been on my own since then, but it has not been easy! I was so far down on both of the stocks that I mentioned that I couldn't sell. It has almost worked for me to average down on IOMEGA, but IMPX is a different story. Take it easy.

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