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Microcap & Penny Stocks : IMGX, currently $3.50 -- Ignore unavailable to you. Want to Upgrade?

To: SAMSARA who wrote (551)	12/16/1997 11:08:00 PM
From: John Morelli	Read Replies (1) \| Respond to of 665

Thanks to management's brilliant leadership our downside is now limited to no more than $1.

To: SAMSARA who wrote (551)	12/17/1997 3:32:00 PM
From: SAMSARA	Read Replies (1) \| Respond to of 665

Okay, I've been trading long enough to know that the way a price of a stock moves often has nothing to do with anything but chaos theory. But seeing IMGX drop under one on what could be only seen as good news really perplexes me. Does anybody have access to find out if there are many shorts in December? Any rational explaination for this (I haven't checked yet for insider selling). There must be something going on that most on this thread aren't aware of. I know I was looking for momentum, but I did have another polarity in mind. I really hate to bail, but It's rapidly getting to my chicken sell off point. ----- This doesn't look bad, but unfortunately, no info ----- on December is available (at least to me) IMGX NETWORK IMAGING CP Month Shares Short Avg Daily Volume S/A* 11/97 110,492 329,893 0.33 10/97 144,318 183,153 0.79 09/97 78,248 93,678 0.84 08/97 102,304 158,913 0.64 * S/A = Shares Short / Avg Daily Volume; it may be used as a rough measure of days to cover.