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Technology Stocks : Industri-Matematik Intl (IMIC)
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To: fred douglas liebling who wrote (21)9/22/1997 9:58:00 PM
From: wolfdog2  Read Replies (1) of 349
 
Fred, I also sold my position. I think you're right that this stock could be in a blow off stage (my words, not yours), but I try to be disciplined in my selling. When a stock is seriously overpriced as this one is I get out. The advantage of having a hard and fast rule about selling is you don't get burned when, as happens in the majority of cases, the stock falls back to earth, hard.

When the party ends on this one there are going to be a lot of disappointed people. Btw if you (or anyone else) is interested, Ross Systems(ROSS) is another stock in the group that is not nearly as overpriced. Ross has software that is selling well, but to date they haven't gotten their cost structure in line so they have repeatedly disappointed on the earnings side. The stock is worth taking a look at. IMHO it has a good deal more upside potential at this point than IMIC. There is a ROSS thread on SI.
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