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Technology Stocks : Looking for info on IMNT

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To: ION$ who wrote (445)	6/5/1998 10:35:00 AM
From: Rick Smith	Read Replies (1) of 484

ION: Curious, how did you know that Punk and Volpe were buyers yesterday? I believe you're right about Punk, but I found that out through a trader. Looks like they may have been crossing some shares with a seller in their own ranks. They seem to know something. My understanding is that a large (possibly the largest shareholder) shareholder, a mutual fund has been selling for weeks now. The new manager decided he didn't want to keep any of the stocks that his predecessor had held that were down. Starting with a clean slate as it were. The final piece was being sold over the past few days. I don't have any first hand knowledge of this, but it came from a trader that generally seems to have is ear to the ground. I think that this would explain the huge volume, large blocks, and no change in price yesterday. This type of action generally signifies a bottom. But we will have to wait and see. Have a good weekend everyone. RT quote 10 3/4 x 11. R..

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