Intermagnetics (IMG) Message Board

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Technology Stocks : Intermagnetics (IMG)

IMG 0.192

-0.1%

Nov 6 3:59 PM EST

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To: Tom Linzmeier who wrote (3084)	5/13/1999 8:52:00 PM
From: Mark Shaw	Read Replies (1) of 3448

Sounds very reasonable, Tom. Once again, I think you were correct in your call that someone was positioning the stock. I also think you were correct with the idea that the Europeans, unhindered by insider trading rules, were the cause of the initial runup from 5 to 8. From there on it was those guys on the Yahoo board talking about some kind of takeover by GE that caused the move to 12+. I think it's very possible the stock will go back down to 7 or 8 in the near term as the get-rich-quick crowd gets bored and sells. I think your target of $17 or so in the next 12 to 18 months is reasonable. My opinion is that it could even move into the low to mid 20's over that same time frame IF they can do anything with FRIGC that generates some significant profit. I say IF because I see that as a highly unlikely development. I still think FRIGC is a non-event. Strictly my opinion.

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