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Technology Stocks : Information Management Associates - (IMAA) -- Ignore unavailable to you. Want to Upgrade?


To: Wolff who wrote (66)8/22/1999 2:07:00 PM
From: TFF  Read Replies (2) | Respond to of 165
 
Stocks are pumped and dumped daily this is nothing new. Reasons the stock moved:

1) press release -CMGI/Wade Partners $10 million investment in Buyingedge.com
2) Red Herring article - PCLN comparison
3) Businessweek article - PCLN comparison
4) No insider selling(disclosed on NYT article)
5) Heavy shorting at lower levels creating squeeze(well documented on SI)
6) Several Briefing.com INPLAY mentions
7) Internet chatrooms hype
8) Probable accumulation by @Ventures(CMGI) - Disclosed after close friday via Edgar filing showing 12%(1.3 mil shares) in IMAA

Was Tmex the only reason that this stock went up? I highly doubt it.