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


To: Sam W. Matthews who wrote (95)8/22/1999 9:31:00 PM
From: Wolff  Respond to of 165
 
Yes, think that Tokyo Joe can cause stocks like IMAA to go into play. Once volume hits a certain level, you move away from position trader and into the realm of true daytrader (not people who trade during the day) People throwing tons of share out trying to shave 1/16th to quarters. When this happens the stock becomes a completely different entity.

That is why people say fundimentals don't matter squat. Do I think that Tokyo Joe can be a catalyst to get this "rarified state of stock" to exist? Sorry to say, Yes. (important to have the right news to hype on too)
wolff



To: Sam W. Matthews who wrote (95)8/23/1999 6:46:00 AM
From: LTK007  Respond to of 165
 
IMAA was an extremely thinly traded stock--it was trading at 4k shares in volume before TMEX and his 1,000 members hit--can that run a stock--OF COURSE!!!!
For those who think he be powerful--he is powereful only because the SEC is a vastly underfunded paper tiger.
With the dawn of the "new age" of electronic traders we have just seen the beginning of a massive corruption of the market place,in which the inexperieced will be eaten alive.
The future will not be pretty.Max90