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Strategies & Market Trends : Point and Figure Charting

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To: Giordano Bruno who wrote (11103)	12/7/1998 8:22:00 PM
From: Jorj X Mckie	Read Replies (2) of 34817

jj, Unfortunately I don't have visibility into share transaction size on IMRS. I bought today as it approached triple bottom support at $17 (I have Feb 15 calls). My logic in buying is based on the idea that I expect the Y2K stocks to get a pop as we approach the new year (idea openly stolen from Judy). Additionally, KEA is considered the leader in this sector and it was relatively strong today. I believe that IMRS is lagging KEA in its action so buying on a triple bottom would be fairly safe. JXM

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