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Technology Stocks : IMRS A Y2K FIRM SUCCESSFULLY REPOSITIONING ITSELF
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To: paul e thomas who wrote (91)3/5/1999 8:59:00 PM
From: paul e thomas  Read Replies (2) of 188
 
Imrs again tested a resistance level of 15 after opening strong and falling in the morning like it has for a number of days. It rebounded and closed up 7/16. The closing was particularly strong with the next to the last trade a block of 32,900 shares above the previous ask price.IMRS is still only one of 5% of all stocks that is more than 2 standard deviations below its 40 day moving average. The prospects have clearly improved for a sharp recovery. I am not optimistic it will return to the 26 -28 range until another quarters results are in. I like May 15 calls.
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