Welcome Short,
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Message 6262917
IFMX - LOOKS LIKE A GOOD CC WORKHORSE
I have been watching IFMX for a month now and I had some loose dollars
to invest so I picked up 5 IMFX LEAPs 5 JAN00 @ 2 9/16s on a limit buy
which turned out to be the low of the day! Nailed it! In the after
IFMX jumped up 10 percent plus and that LEAP was worth 22.5% more!
That LEAP is last sold for 3 1/8. I plan to either exercise or write
CCs against as a spread.
IFMX - LOW P/E RELATIVE TO GROWTH
New estimates have IFMX pegged at a 35% plus growth rate and only a
26.6 P/E. The old growth rate had been 20% plus not too long ago.
NASDAQ: (IFMX : $6 3/8) $967 million Market Cap at November 6, 1998
Trades at a 31% Discount PE Multiple of 26.6 X, vs. the 38.7 X
Average multiple at which the Software & Services SubIndustry is
priced.
IFMX - BB AND RSI ARE EASY TO PREDICT
askresearch.com
I looks like IFMX can go up to $8.00 before the first overhead
resistance. Short interest has been dropping for the last two months.
Month Shares Short Avg Daily Volume Ratio* Remark
10/98 9,104,449 1,444,494 6.30
09/98 10,529,459 1,813,564 5.81
08/98 19,064,348 1,558,908 12.23
07/98 19,039,821 1,449,861 13.13
06/98 18,820,684 1,518,112 12.40
05/98 18,641,520 3,503,943 5.32 |
