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Technology Stocks : IFMX - Investment Discussion
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To: Sonny who wrote (11790)8/31/1998 4:41:00 PM
From: Robert Graham  Read Replies (3) of 14631
 
Funny...funny...what are you trying to do? Keep us up nights thinking about this?

The market is in the fear-panic mode now. I think a bounce tomarrow is possible. Lets hope. This is when we can gauge what is to come. If the market does not bounce tomarrow, then I think we will be seeing a DJIA of 7000 in the near future.

Much as come together to make this happen. Strong signs of a economic slowdown two to three quarters ago. Asian market collapse. Commodity prices plunging through supports signifying a deflationary environment. Now markets across the world including Mexico and Canada and others plunging which have been preceded by a drop in their currency. Now our dollar is following the down markets which is being met with selling in our stock market. We first saw money moving to bonds. Now we are seeing fund redemptions by the individual which is bad news. Today we see the institutions selling off to raise cash for the fund redemptions.

I agree that in this type of market IFMX will be impacted by the market sell off. First by no bargain hunters there to pick up the stock, and then selling by people selling with the market. After all, at this price, one point drop slashes their holdings by a large percentage. I think once the price reached below 5, IFMX shareholders did not need much encouragement to sell anyways.

Bob Graham
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