IMAX 3D-the wave of the future Message Board

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Non-Tech : IMAX 3D-the wave of the future

IMAX 35.69

-1.5%

Dec 5 3:59 PM EST

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To: George Sepetjian who wrote (111)	1/29/1999 2:31:00 PM
From: Mel Boreham	Read Replies (1) of 170

Hi George, we just returned home from a week-long trip to So. Calif. to visit friends there. Unfortunately, I made a call to check on how our stocks were doing while in LA and found that my recent investment of 32K was now only worth 23K!!! My God can I pick em!! I thought that a stock that had 7 "Strong Buy" recommendations would certainly be able to hold its own, but Goldman-Sachs was just about to "kick out" IMAXF from their list and with a downgrade too... Talk about the power of the pundits. I remain hopeful that we will see a return to more reasonable levels, but this sort of reaction just shows that most of the rise was strictly due to momentum players and not long term investors. Now if it gets back to 33 or so, I may consider selling and buying back on another "downgrade". Will be following this one closely, just in case. Mel

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