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Technology Stocks : IFMX - Investment Discussion
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To: Marc Slovak who wrote (12000)10/1/1998 3:42:00 PM
From: Charles Hughes  Read Replies (3) of 14631
 
About IFMX and the market: Well, it's a good thing for SI that we always have these pissing contests going, or nobody would be posting today at all. You can feel the pain in the silence.

This is turning into a dramatically bad week. IFMX is getting hit today too. I imagine by this time a lot of small investors are getting those margin calls, and I don't know if the folks at the fed have the cohones to admit a mistake post-haste and cut the discount rate before the next FOMC meeting. The only other thing I can think of that might provide a boost this month is if they just call the whole impeachment thing off.

If nothing dramatic like that happens, maybe we're screwed, because next quarter's earnings (talking about the average company here) may not be so hot.

comments?
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