IFMX - Investment Discussion Message Board

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Technology Stocks : IFMX - Investment Discussion

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To: Justin Franks who wrote (11724)	8/25/1998 11:01:00 AM
From: Robert Graham	Read Replies (1) of 14631

The move down below 5 is no big surprise. However, I thought IFMX would go up further before reversing. Instead, the stock did not waste much time where it moved back down and broke through the bottom it had previously established and validated. This is bad news. The selling is not over with and it will continue. I expect a test of 4 1/2 if not lower before we see prices stay above 5. This stock is starting to behave like PHYC where there is no one willing to step up and buy, even speculators, until the price is VERY low, and I suspect they will not come in until a bottom has been established again. This is why a retest of 4 1/2 is likely, and possibly down to 4 before this selling is over with. Volume is picking up for today. This stock needs to make it above 5 1/4. Bob Graham

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