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

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

IMPX 6.210

+25.2%

Oct 22 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Xavier who wrote (2470)	8/6/1997 6:56:00 PM
From: rlev	of 2560

Xavier: Sorry to hear this. I too have put large parts of my portfolio into single stocks in the past ... I had to learned the hard way not to do this. Even though I was forwarned form reading and others I still needed to burn my hand to know it was hot. What I do now is take my speculative funds and spread them out dollar wise among a few promising ventures. IMPX hit the roof as Son of Iomega. I couldn't see it then and currently don't see this stock returning to the $20 level any time soon. What I do see is IMPX being a triple or quad from these levels once they get their act going. I know it's hard to forget what you paid for a stock but you need to evaluate your portfolio as it sits currently. Inother words IMPX is no longer a large part of your porfolio. Now we need to step back and re-evalute ... At $1.5 is this a good investment to make? Your call. I'm keeping my shares and I'm giving them % consideration that they are worth in my portfolio (i.e. $1500 worth). I may even add to them to bring this investment up to a reasonable level if I deem it's the right thing to do ... i.e. if I feel the company is going to go really turn profitable in the near future (which I'm sure everyone here is trying to get a handle on). Sorry for the lecture ... you didn't ask for it ... It just brought back memorys: aapl@35.5 is only now comming back by holding it for many years, should have dumped it many times over. symc@20 has only now gone into the black ... and don't let me forget about CML@7.5 ... couldn't possibly go lower. IMPX? didn't look before I leeped ... just plain stupidity following the crowd ... Each represents a slightly different misstake and a learning experience which I try not to repeat. Hoping for a triple -- Rich

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next