IMRS racking up y2k contracts. Message Board

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Technology Stocks : IMRS racking up y2k contracts.

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To: Nanda who wrote (2321)	3/16/1998 2:09:00 PM
From: paul e thomas	Read Replies (2) of 3162

NANDA, I believe on a chart basis IMRS will correct back from the new 53 7/8 52 week high made mid morning today. The stock is now bumping up against the upper limit of the long term channel that has provided considerable resistance in the past. I don't know how far it will fall but I believe it correct back a lot less than in previous corrections. This belief is based upon my perception that the market is now viewing IMRS as a low risk high growth stock rather than a speculative Y2K play. If I were a short term trader of IMRS I would take some profits on a significant fraction of my IMRS holdings.

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