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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?


To: NeverSeemToLearn who wrote (13824)1/24/2000 7:54:00 PM
From: Ron Kline  Read Replies (1) | Respond to of 14631
 
I'm not a person to buy options but if I did it I would wait. Usually after a breakout the stock will move forward, I would estimate $16 range then what might happen is you will see a drift down again to the 14 range on low volume. It will almost look boring but will hold the 14 price point. At that point the volatility index will move down and it would be a good entry point. This is just one example of what I've noticed with MTSN and others. If fundamentals are really good it will just continue to go up, but I have a feeling they will want to test the stock at the 14 level again in the next weeks. Just a thought.
Ron