IMRS A Y2K FIRM SUCCESSFULLY REPOSITIONING ITSELF Message Board

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Technology Stocks : IMRS A Y2K FIRM SUCCESSFULLY REPOSITIONING ITSELF

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To: paul e thomas who wrote (51)	1/22/1999 9:40:00 PM
From: paul e thomas	Read Replies (1) of 188

IMRS ended the week at the open on Tuesday.It was a volatile week not easily explained. I have the impression though that there is a lot of momentum individual investor players involved with IMRS intermixed with institutions adding or subtracting significantly to existing positions. Yesterday though I saw some big sell side trades go through which suggests to me that the market perceives IMRS may be nearly fully valued based on the information on hand. I believe rather strongly that it will take a very positive story about non-Y2K business to bump IMRS much above the recent high.I am not impressed with the quarterly results of those Y2K firms who have thus far reported earnings.The volume chart is also weakening. The Worden Buying Power chart is now only slightly supportive of upward price momentum.

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