IMRS racking up y2k contracts. Message Board

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Technology Stocks : IMRS racking up y2k contracts.

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To: paul e thomas who wrote (2415)	4/27/1998 9:46:00 PM
From: paul e thomas	Read Replies (2) of 3162

COMMENTS ON MONDAY PRICE ACTION IMRS did open weak as I expected but did not show any real upside movement intraday. I believe however that given the slash and burn treatment other stocks previously performing well that IMRS did rather well on a relative basis as it was down less thsn 2%.In looking back at the November Correction it appears that IMRS seems ready to bebound. The current correction is a 40% retrenchment of the mid November to mid April gain.I am thinking about buying 10 May30 calls if Margin permits as I believe stock will hit 36 by May 15.

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