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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (19681)	4/23/2000 10:41:00 PM
From: Amigo Mike	Respond to of 29382

Hola Amigo, IFCI is a tough call if you are looking at earnings. Mgmt has been too aggressive in the past with earnings projections. This time is supposed to be different. I said that IFCI would be a $20 stock by year end .... well it ran to $38 in the fiber frenzy .... which was far too high and then sold off to ~$13 recently. I sold most of my position on the down side of $38 at $31 ..... still have another 500 shares and missed the chance at $13 to pick up shares again.=( I believe that IFCI should move into the mid $20s again before year end .... barring market meltdown. It will likely be a rocky ride too. Amigo Mike PS .... I like SBC ..... bought some over the last two months