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Technology Stocks : Industri-Matematik Intl (IMIC)

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To: bob zagorin who wrote (92)12/21/1998 11:00:00 AM
From: WTSherman  Read Replies (1) of 349
 
Bob, you and I have a very similar strategy, its would seem. I also own JDAS, ROSS along with IMIC. I also have INFM and PSQL, though not PSFT(I still think its overpriced). A while back I bought RATL when the company exec's bought into it big time with their own money. IMIC looks like the same sort of story, to me. I like INFM because they have a ton of cash(will probably end this quarter with nearly $4 and they sell for $6). I've been in and out of MANU ever since one of the directors(Cline) went on an insider buying binge. He and his company now own almost 17%. The stock has been up alot since I bought it, earnings report has been delayed from last week to this week(tomorrow) and its hard to figure out what's going on. Word on the street is they are not having a good quarter. But, then why did an insider buy something like $10M worth of stock? I doubt its an outside takeover, his purchases are too recent and it would cause problems. There is a possibility that he intends to buy the company out. Who knows.
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