IMSX - International Manufacturing Services Message Board

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Technology Stocks : IMSX - International Manufacturing Services

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To: kolo55 who wrote (22)	2/6/1998 1:49:00 AM
From: Kerry Lee	Read Replies (2) of 69

The volume and price action of the past 3 days including today looks suspiciously like some good rumors moved the stock and it was being accumulated by Smart Money. Smart Money didn't want to pay more than 10 bucks, so the MM's shook some stock out of some weak hands today to set the table for some more bargain hunting before good news comes out soon. The reverse thesis is that there was actually serious distribution happening and some people got sucked into the 2 day rally on Tues/Wed so the Smart Money could get out.... Lacking information, I put an order in 5 minutes before the close for a couple pounds just to test the weak hand shake out theory. I didn't fill on my bid at 8 3/8. Looks like someone is trying to shake some stock loose via the head fake..Reminds me of the early weeks after the Netspeak ( NSPK) IPO where the stock languished in the 7-8 range for 6 weeks before running to 12-14 and then making another run to mid-20's.

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