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Technology Stocks : IBIS
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To: MiKe who wrote (2)6/24/1996 8:46:00 AM
From: Jack Ucci   of 301
 
Mike, Perhaps 'stock manipulation' was too strong a phrase. I do believe though that IBIS was hyped by this brokerage and at 11 that the hyping was replaced by profit-taking. I got in at 10 on May 6th and failed to get out at 11, then watched it decline over the next 6 weeks to less than 8. I got out at 8 1/4 with a sizeable loss on June 18th. During this time I received an ER which was relatively good. Maybe the ER was the basis of the security house hype??? Anyway I am out of IBIS and will look for greener pastures.
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