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Technology Stocks : INFORMATION ANALYSIS (IAIC) - YEAR 2000 Date Remediation
IAIC 4.280+12.3%Dec 16 4:00 PM EST

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To: TEDennis who wrote (1157)1/1/1998 12:33:00 PM
From: RikRichter  Read Replies (2) of 2011
 
TED,

>>I thought about buying, but didn't. So the stock took off.<<

I still feel that IAIC is a great entry price as it had been under pressure due to tax-loss selling and the completion of its private placement.

What is very compelling about IAIC's 33% gain from its December 30th intra-day low of 10 1/2 to 14 is the enormous, unprecedented trading volume of 360,000+ shares. This suggests to me that there has been some fund buying but I cannot confirm this at the moment.

With only 6.2 million shares outstanding and a market cap of only $85 million of which 70% is held by insiders as well as institutional holders from the earlier private placement, the volume was extraordinary and can only be construed as bullish as the stock has considerably strengthened. Going forward, I am hopeful that IAIC will outperform the Y2K stock sector.

I remain ver-r-ry long on IAIC!

Regards.

Elliot

PS: According to the SI Y2K folder, Ed Yardeni and another Y2K proponent will be appearing on CNBC tonight at 7PM EST. Should make for great viewing!
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