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Technology Stocks : IMON - Quoted from Barron's Corporate Reports

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To: Anthony@Pacific who wrote (220)1/16/1999 11:30:00 PM
From: JeanD  Read Replies (2) of 2220
 
Short Squeeze ... whenever I find myself in this situation, I remember KTEL. I bought at just over 7, and sold (in amazement) shortly after at 44. It went quite a bit higher after that. Thanks to creative timing in Press Releases, a small float, and a lot of shorts - I made lots of money. Anybody who shorted KTEL on the way up lost their shirts. Another recent example is SKYM. I don't know if IMON is another KTEL or a SKYM - but it sure has a bit of the makings of it. I don't short internet stocks (as a rule) but if I did, I sure wouldn't pick a company with a float this size, whose stock has just started to run based on the release of a product that is less than 2 weeks away.

JD
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