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Technology Stocks : IMPX - When Will the Dead Money Awaken?
IMPX 6.210+13.3%Oct 22 3:59 PM EST

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To: Phil Jacobson who wrote (250)3/29/1998 9:33:00 AM
From: Zeev Hed   of 532
 
Phil, I think that the worst for IMPX is over, but some base building between 1 and 1.5 is still called for, in any event I just bought a toe wetting position Friday and will ad on further retracements (which I expect) or on a break out above 1.75 (if I miss the retracement).

Friday, there was a very big block trading at the bottom (1-17/64) indicating to me that selling pressure will be uncountered for some time. However, I think it has the characteristics that HAUP had six months ago when it started the basing and slow rise which is now culminating in a blowout.

Zeev

Zeev
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