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Technology Stocks : DESERT DIRT TA

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To: go4it who wrote (1195)	1/22/1998 6:14:00 PM
From: Texas77	Read Replies (1) of 1539

Chuck, I am only taking small bites of IPM now and a fair bite of MXAM. I don't trust IPM right now because they are trying to do some financing and I think that will cause a new base area. When they did the 1.25 financing it made a nice buy opportunity at $1 area and I sold out at 1.75 (couple of times) last good turn was in at 1 5/16 and out at 1 3/4 next day. In again at 1.5 and still holding that one - but may sell it soon. When I see anything fishy or read anything fishy I sell fast. I bought MGAU several times at 1 and 1 1/16 and sold it at 1 1/8 and 1 3/16 because the IPM announcement was close. I haven't messed with it again since then. I like MXAM and CHIP but I don't feel as compfortable with them as I use to. They are harder to figure now - but I think that the game is still on (I don't argue if they are real or not - I no longer care) and I think we will see MXAM, CHIP and IPM have their rallies this next month - but I think they are very risky now. If the threads would stabilize again and some of the neqatives from the IPM disappointment pass so we could get a good following again - then we would be back in business. Dave

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