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Technology Stocks : IMRS racking up y2k contracts.

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To: Craig Rogers who wrote (1620)11/12/1997 10:10:00 AM
From: paul e thomas  Read Replies (3) of 3162
 
TODAYS PRICE ACTION

I followed every trade up until 9:55. It appears that about 2/3 of the volume is at the ask. In studying my trading books to better understand trading patterns before and after a selling climax I believe we should expect a weak volume day. The key according to Candle Stick chart patterns will lie in how far back within yesterdays trading range we climb.We shouldn't expect too rapid a rebound as buyers will be watching IMRS reacts to resistance levels.Despite facing a 25,000$ margin call this morning I am surprisingly sanguine.
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