I'm new to SI, but have been around for a long time lurking. I initially bought IMRS two splits and 15 months ago, sold half last July at a good profit, then sold the rest on April 20 at 39-7/8.
While fundamentals are great, the TA showed a short-term top. With the major run it had, I just exited. This is a choppy period for y2k stocks generally. It has been suggested by someone earlier that MAST and KEA looked like IMRS. I would agree, and I exited KEA the same way about three weeks ago. I would also suggest that CBSL looks precarious here right now, and the risk to a fall below 25 is there.
I expect IMRS to bounce here to 33-35, and then test (perhaps even break)it's recent low. At that time, I would consider a re-entry for a final run.
A mental note about y2k stocks and prices - they do not trade on fundamentals, but growth outlook. Yes, the business is there, but past Q3-98, investors will look at valuing companies based on post-2000 issues. IMRS looks good there, but investors will likely reward them with a compressed PE gradually over time - meaning a churning in the stock price after Q3-98.
Good luck to all...
Z |
