IMRS racking up y2k contracts. Message Board

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Technology Stocks : IMRS racking up y2k contracts.

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To: Steve Woas who wrote (1682)	11/13/1997 6:50:00 PM
From: paul e thomas	Read Replies (1) of 3162

LATE DAY ACTION An examination of a 5 minute intraday chart shows that the price moved up at about 3:15 on a relatively modest volume of 10m shares. There were buys representing 20m and 30m in the last 10 minutes which pushed the price well above 22$.The market makers must have been waiting to test the water for a buy price above 22$. This suggests they have plenty of inventory. The RSI chart just barely entered an overbought signal area which suggests the price may open up significantly before correcting back. I intend to buy 1/2 of what I plan to invest at the open and the remainder when it first correcs back.

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