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Biotech / Medical : IMAT - ultrafast tomography for coronary artery disease -- Ignore unavailable to you. Want to Upgrade?

To: Donald Kirchner who wrote (3510)	7/1/2000 5:18:00 PM
From: TA2K	Respond to of 3725

Okay, Here's what happened.... I was truly shocked to not see a sales PR yesterday morning. I called Robin, and reported back to the board with my findings (except for the Toshiba part, which should hit the wires next week). Even with Robin's strong reassurances, still being disappointed that Imatron let the quarter end without announcing at least seven sales, midway into Friday afternoon I replaced upward my market-stop limit sell orders fairly tightly on all of my IMAT holdings. Within thirty minutes my sell-orders started triggering. Then an avalanche ensued. Seemed everyone wanted out, and the dam burst. All of my shares sold above or at $3, so I'm not complaining. Actually I now think that I placed my limit sell orders too close to price action, and basically was then just asking to be taken out. Once a bunch of sell orders, such as mine, start getting triggered on a Friday afternoon with a long weekend coming up, however, people assume all hell has broken loose, and panic selling really accelerates. That's exactly what happened yesterday in the final 45 minutes. I bought back a few blocks in the last 10 minutes and into the after-hours, feeling that IMAT became way, way oversold. But my holdings in IMAT are now a small fraction of what they were yesterday morning. The question now is: To buy back in, or to not buy back in. Being flush with cash really causes one to pause and carefully evaluate alternatives. I admit that I love this stock, which is supposedly a no-no. And I feel I've gotten to know IMAT and Imatron thoroughly. So the answer is going to depend on what the market does Wednesday morning. If the free-fall continues, I'll wait. If price holds through the morning, I'll jump in again with both feet, big time. The excitement continues!!! Try to have a reasonably fun July 4!! and, of course, Stay tuned!!