IFMX - Investment Discussion Message Board

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Technology Stocks : IFMX - Investment Discussion

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To: Dell-icious who wrote (11896)	9/17/1998 12:08:00 PM
From: Robert Graham	Read Replies (2) of 14631

Ever since its move back up from 3 1/2 where it had bottomed out, there has been a pattern of buying which has followed through when the price rose above 4. I do not know where this is coming from except for possible short covering. The volume of the stock has dropped and in particular goes down on down days, which is a good sign that the selloff is over with. Now we have seen increasing volume on up days. A move to 5 is looking probable. I am finding it unusual that the stock appears to be tracking the market more than it has in quite a while. I will need to look into this more when I have some time. I have been quite busy lately. Bob Graham

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