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

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

IMPX 5.480

+2.4%

Oct 31 9:30 AM EST

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To: DEER HUNTER who wrote (2547)	9/27/1997 10:03:00 AM
From: Zeev Hed	of 2560

Deer Hunter, about two years ago, during the haydays of Iomega, this stock roared to 20, the management (and I believe it is not the same management as today) felt the stock was overvalued and they cahsed in their chip in a big way. Since then the IOMEGA connection got broken (lost the order) and the company is back in doing onsies ans twosies custom designs. I for one believe that one of these days, they are going to nail down few product line with large potential and get their facility to full utilization. If and when that happens, I think the stock could trade back in the 3 to 5 range. However, I see no signs that the time is now. Significan insider buying may change my mind. I may also change my mind on the stock if we see a major capitulation, the decline last week started to look like one but never developped the downside momentum, so I stayed out of the rally. Zeev

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