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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: d. alexander who wrote (25408)3/1/2000 12:05:00 PM
From: Johnny Canuck  Read Replies (1) | Respond to of 69061
 
Hi Dorothy,

It appears there is a rumour of a buyout by SUNW. I am not sure if that really fits into SUNW's strategy though. The next target for IFMX is the mid-20's if this break out is confirmed.

Patience can have it virtue or sometimes be a curse. Case in point, I am getting nailed on GALT today. Gigabit ethernet is a second half 2000 story, so I expected it to be
a longer term position trade. The pre-announcement of the lowered guidance for the Q is worrisome in that their execution abilities are now in doubt. This is dead money for a while.

On the other hand MRVC, RMBS, MTZ, APAT, PMCS are having a great week, so I don't get to complain too much. <g>



To: d. alexander who wrote (25408)3/1/2000 12:18:00 PM
From: Johnny Canuck  Read Replies (4) | Respond to of 69061
 
I-watch is not reporting much block activity on the buy or sell side for IFMX. I don't think this move is going to stick.

GALT on the other had is reporting:

2.5 million block buys
1.5 million block sells
11 million total

Someone thinks this stock is oversold in a big way.

<edit> The stock is turning up now.


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