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Technology Stocks : IFMX - Investment Discussion
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To: kech who wrote (11927)9/19/1998 4:40:00 PM
From: Robert Graham  Read Replies (1) of 14631
 
This stock will not behave as a stock normally would to external stimuli like the market, its sector, and earnings surprises that do come out. Look at earnings surprises that have been announced in the past during this year for a very clear example of this. Sentiment is very much against this stock. Recently IFMX appears to have been establishing a different trading pattern, but it is too premature to tell what this means. If the company reports an earnings surprise, that may be an opportunity for the stockholders to sell. This will be particularly true for the large shareholder of this stock who has been waiting to exit. IMO the trend is down for this stock until proven otherwise. I do not see prices above 6 and likely lower for the time being.

Bob Graham
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