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Technology Stocks : Looking for info on IMNT

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To: John S. Baker who wrote (474)7/18/1998 4:19:00 PM
From: ION$   of 484
 
My further analysis (comparing open/hi/lo/close 4-3 thru 7-2), indicates the largest number of holders are in the 14-16 range vs. my original claim of 11-14. Thanks for the nudge. It was obvious the institutions were selling thus providing the opportunity to make close to 85% profit from 9 5/8 to 18 1/4. I assume from your post you did not take advantage of any of the June run up while doing your DD. Luckily I did and sold close to the top. I also hold shares in the 20-23 range.

Obviously, IMNT runs quickly both ways. The 9 5/8 - 18 1/4 run took 22 trading days. The 22 7/16 - 15 11/16 tank took one day. Their greatest value lies in the potential of the VA Hospital and DOD deals. Additionally the credit facility in place will allow for more hospitals to consider purchasing the IMNT product.

Institutional sponsorship is a fickle partner. They put their money elsewhere for the time being. Give us earnings and good news. They'll be back. My larger bet is on the long side of this one.

Regards

ION$
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