IMON - Quoted from Barron's Corporate Reports Message Board

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

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To: ilh1 who wrote (406)	1/18/1999 12:03:00 AM
From: Trippi	Read Replies (2) of 2220

Prosperous one -- I bought this in the 2's and traded in and out of it a few times on Friday for nice gains -- but ended the day out of the stock -- so have no long or short position now. I downloaded WebZinger and at first liked the concept but the more I have used it the more disenchanted I've become with it -- its just not that useful -- many have pointed out that the demo version is not the one that will be released -- and that it a sound point. Here are my thoughts for what its worth from somebody on the sidelines with no axe to grind -- whether the company ever is profitable -- or whether WebZinger or any of the products ever sell well is mute at this point -- it just doesn't matter. The stock had huge volume -- tons of momentum players are finding out about it and many will be jumping in -- one CNBC mention of "IMON up 200% last friday and high volume today based on new Release of next generation search engine Webzinger" could shoot this to the moon -- given the relatively small float. Which is why for the life of me I do not understand why anyone would be short over this long week-end -- there may be an excellant opportunity to short at sometime Tuesday or Wednesday -- but anyone recommending to do so to people on Friday was not dishing sound advice IMO. At this point and at these prices I would not reccomend investing long term in the company -- But short term -- I gotta say I wish I had kept my long position on Friday -- my guess it this is going higher before it falters -- just too much attention and too little supply to stop the price increase from happening. On another note -- I think Athony@Pacific has a good record at picking shorts -- and watched the SKYM thing -- and believe he made a killing of nearly a one million dollar profit on that short -- that said -- sometimes I think he goes short a stock way too early and this is one of those times -- just one guys opinion -- I have never shorted IMON -- I will look to go long again on Tuesday if there is an opportunity -- but the shorts will have their day here soon and I would wait til that's over before even thinking about taking a long term position in the stock. Until then the fundamentals don't matter -- its all momentum now.

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