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Non-Tech : IMPX The New Folder: Post all New Messages Here!!
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To: Scott Maxwell who wrote (88)6/26/1996 1:56:00 AM
From: Kevin Walsh   of 115
 
There's more selling pressure for IOMG and probably for IMP also. The Tue 6/25 issue of IBD, in the Investor's Corner section, states that IOMG is being squeezed out of the Russell 2000 and kicked upstairs to the Russell 1000. This sounds good but is bad in the short term. Small cap index funds that can only purchase in the R2000 will have to sell IOMG. Quote from IBD: "Fund managers just have to give themselves enough time to ease out of the stock so it won't impact the market too much." (I'm sure there are no Carrington types here.) "Investors already are feeling the 'index effect,' a term coined by fund managers as they try to anticipate changes in indexes and capture price gains."

I currently have no position in IMP. However, I did buy at 10 1/4, sold at 19 1/8, bought back at the gap opening peak after the 2nd EPAC chip announcement at 21 1/8, and rode it down like many others. Sold some at 17, the rest at 11 1/4 to prevent margin call. I went shopping elsewhere to bring my funds back up so I can load up when IMP will have its next big runup.

What bothers me about the big loss is that the IMP/IOMG comparison thread warned everyone (I believe it was Mr. Mortrella (sp?-sorry)) that there was big time insider selling going on. This was at about 17. Unfortunately, I got caught in the trap of hope. Hope that support was at 15, at 13, etc. The bottom line is that when a stock doesn't go the way you expect, bail out and go somewhere else.

Hopefully this helps. Good luck trading,
Kevin Walsh
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