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Technology Stocks : IMRS racking up y2k contracts. -- Ignore unavailable to you. Want to Upgrade?


To: DD™ who wrote (1636)11/12/1997 12:57:00 PM
From: Craig Rogers  Respond to of 3162
 
Yup I guess I spoke too soon. However this usually happens before the Fed speaks to the market, it should bounce at 2:15 when he says no rate increase.

Craig



To: DD™ who wrote (1636)11/12/1997 12:59:00 PM
From: Alec Epting  Read Replies (2) | Respond to of 3162
 
This is typical for IMRS lately. Pops after a slide, then sellers emerge en masse. I think all the y2k stocks are being hit by short sellers. I'll buy when IMRS dips below 17. I think by YE, we'll hear more horror stories about y2k. These stocks typically make their run in the December to January time frame.



To: DD™ who wrote (1636)11/12/1997 1:10:00 PM
From: John Sikora  Read Replies (1) | Respond to of 3162
 
DD & All,

FWIW, my take on IMRS and and many other stocks that have great potential is that they are all pretty much DEAD $ till market sentiment improves. Throw in the fact that the stock has had a tremendous run and you've got sweaty-palmed fund managers fretting over year end performance figures...Well... it's not a pretty picture I've been a selective seller but won't buy a thing in this environment...The battered and bruised list gets bigger each day...SFAM KLIC CHRZ. I'm not saying it's impossible to trade this market...but one must be quick to exit profitable positions. Techs, especially semis will react after AMAT reports next week...Let's hope it's positive as this market is in dire need of some leadership...JMO

Good Luck to All,

John