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Technology Stocks : IFMX - Investment Discussion

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To: Marq Spencer who wrote (12390)11/25/1998 3:38:00 PM
From: Robert Graham  Read Replies (2) of 14631
 
Arbitage, eh? Now we are getting fancy here! ;)

I agree with you that there is a lack of confidence in this stock. This together with very good prospects available elsewhere in the stock market is causing the lack of interest and continued selling on moves up made by the stock.

This is of course just my opinion. I have not had a chance to look at a chart on this stock to see where current levels of support and resistance are. I suspect 6 is one such resistance with a major resistance at about where the stock price peaked out earlier.

Bob Graham
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