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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: Tom Terf who wrote (49)11/11/1997 3:48:00 PM
From: lml   of 532
 
Tom,

There will be more interest in this stock -- when something fundamentally happens.

You provide several hypotheses why you believe the stock will (or should) fall to $.75/share. You look to tax-loss selling & risk of Chapter 11.

Do you really think tax-loss selling is gonna drive this talk down 40% from its current trading range? Most of those who bought IMP when it was trading above 4-5 have sold long ago, most likely last year. Company press releases were extremely negative at that time, & if one wanted a tax-loss at 1996 year end, IMP was a prime candidate. This year is a different story. The stock traded between 2 & 3 for barely a month at the beginning of the year. IMHO, this is the primary source of potential tax loss selling -- and it ain't much.

I think we saw the bottom on Oct 27 when the bottom fell out of the whole market & the stock fell just shy of $1. Unless that happens again, I don't see IMP below a $1 "in the next 6-7 week timeframe."

As for Chapter 11, you got a least a year before you can even consider it a risk given current operations & the amount of cash the Company is sitting on.

What I read into your comments is that your just itching snatch up this bottom fish, but are waitin' for an excuse to do so. I don't think your read @ $.75 share is accurate, but time will tell.
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