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Technology Stocks : IMPX - When Will the Dead Money Awaken?
IMPX 4.960-5.7%Nov 6 9:30 AM EST

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To: mike mccann who wrote (28)10/28/1997 1:13:00 PM
From: lml  Read Replies (1) of 532
 
Mike,

If this "correction" has done anything, it has accelerated any tax loss selling that was on the sidelines. IMPX recent trading range has indicated solid support just above a buck. It tested this support level today as you well know.

I'd sure be surprised if it fell below a buck. I think it will trade in its current range between now & the end of year. I don't see any upside until next year (possibly), when the Company releases next Q's results, IF & ONLY IF management has some positive forward-looking statements to make regarding future business developments.

If you're long, & you believe this stock is a turnaround waitin' to happen, forget about the rough seas we're experiencing & remember to keep your tiller on a steady course.
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