ImageMatrix (IMCX) Savior of the HMO's? Message Board

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Technology Stocks : ImageMatrix (IMCX) Savior of the HMO's?

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To: jopawa who wrote (16)	8/13/1998 8:34:00 AM
From: opey	Read Replies (1) of 26

Wow, a lot has happened!! Since the last post, the price of this stock has hit the crapper...... I have seen some positive signs. The level has found support at .50 and trades up close to .70 on good days. I have done well flipping this one but also have a positive long term outlook. The company has a solid base of maintenance contracts with their original customers and that alone is around 3-4 mil per year. Blue Cross and Blue Shield of NC bought 6 Million worth of support and systems last year and I hear that BC & BS of Virginia is also in talks with IMCX to do the same. The company has taken it in the shorts lately but looks like it is poised to be a target of a takeover or merger. Their capital for future R&D needs a refill, no doubt and wether a merge or diverge occurs is anyones guess. If you do the math, you will see that with assets and contracts for maintenance, this puppy is a steal at .70. I see this getting to .95. Still dips up and down so I will continue to go long and wait the two bagger. Anybody have a thought on this? Opey

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