Continuing the IFMX discussion and more... Message Board

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Strategies & Market Trends : Continuing the IFMX discussion and more...

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To: Melissa McAuliffe who wrote (107)	9/3/1997 12:31:00 PM
From: Melissa McAuliffe	of 206

With respect to IFMX..I am becoming somewhat skeptical after reading the IFMX thread about the ability to pull this off anytime soon. I also am not happy that the stock is moving below 9. However, if it moves lower, I was thinking about closing my October call position. My thoughts were that if I did this I would then wait for the "news" that will cause the stock to move up (though I don't think it will stay there). Then I could rewrite the calls or sell my stock. I am only thinking about selling my stock on the chance that it is no longer worth it to write the covered calls. This is the only way I can justify holding this stock while we wait for the turnaround. I don't want to sound negative about IFMX but I think this may be a much more complex issue than a sales and marketing issue (which in itself is a big issue). Melissa

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