IMRS racking up y2k contracts. Message Board

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Technology Stocks : IMRS racking up y2k contracts.

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To: paul e thomas who wrote (1912)	12/23/1997 11:00:00 PM
From: paul e thomas	Read Replies (2) of 3162

IMRS BREAKOUT IS ABOUT TO HAPPEN Exactly two weeks ago I first noted that IMRS was bumping up against the upper band of a downward channel that had been in effect since the end of the 2nd quarter.After correcting back in the next 6 trading days it has moved up sharply recently and closed today well above the trading channel. The price has also penetrated a 10 day,90% confidence limit Bollinger Band. Both of these chart evaluation methods indicate to me that IMRS may move sharply up. I look for the move to happen between 12/26 and 1/08/98 . This period is Called the Christmas period and is said to be the most significant positive calendar effect all year.After the last quarterly analyst conference I expressed a belief that I had a 40$ price target for IMRS. I hope this materializes as the gain from the current price is exactly what I need for equity to buy a new house in Pennsylvania.

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