Informix (IFMX) Any thoughts? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Informix (IFMX) Any thoughts?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: adam segel who wrote (21)	1/1/1997 3:54:00 AM
From: Robert Graham	of 139

Not a good buy. I know I am saying this now that IFMX has dropped to 20.5, but this was very predictable for a couple reasons. One reason is that most of the institutional investors who have been holding this for over six months came in when the proce was about 18. IFMX is still(last I checked) about 60% institutionally owned. They are waiting to get thier at least 35% profit and dump the stock that has not gone anywhere for them. Last time the stock went up over 26, institutions started selling. This is also what will keep the price around 20 at the bottom since the institutions will not sell at that small profit margin. If they were going to sell, they would of sold already for year-end tax purposes and moved on to another company. Another reason is there has been no substance behind their US software that has been demostrated to the investor (or a potential client of the software for that matter). So the stock will be "feely traded" until another trend is set through new positive announcements about their product or earnings. Technical analysis of the stock indicated a drop down to the 20 range. As soon as the stock hit 20.5, all my major indicators gave me sell signals on this stock. This is fortunate since I believe that it is the unusually light holiday volume of the stock that has allowed it to go down to this price. I will start to closely follow the stock to sell when it hits at leeast 24.5. I suspect this stock will not go up as far this time compared to last. My selling range for a short term trade is about 25.0 to 25.5, maybe 26 if I am lucky. At this point, I belive the stock will go back down due to more institutional selloffs. Still, the market maker had no problem getting rid of large blocks of shares to institutions or other market makers for thier own accounts at the 20 3/8 mark, so there is still institutional interest in the stock at the right price. My summary us that IFMX is good for a trade or even a very short term investment at 20.5. It will not be ready for a ST investment of at least 6 months or more until substantial reports come out about Informix. This market in general is not good for the longer term investor (over 1 to 1.5 years), in my opinion. By the way, I purchased this stock at 20.5 for about a 3 week investment. I hope the New Year starts off with a "bang"! The 104K plan adjustments by the employees hopefully will throw some additional money Informix's way. Bob Graham .

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next