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


To: LANDRUSH who wrote (2106)1/28/1998 8:42:00 AM
From: jgibbs  Respond to of 3162
 
LANDRUSH,

Good question. High 40's will more than double my stake. Will probably lighten up and then keep mental stop of 8 - 12% under the rest. If sector is moving up together, will probably hang in. If IMRS spikes while rest lag will look for split or quick exit if move falters.

Not very scientific, but I've been through this before (DDIM) and would have no complaint if I sold now. Also, as MM says, it's getting to be the time to protect your capital.

All the best
JimG



To: LANDRUSH who wrote (2106)1/28/1998 9:16:00 AM
From: Nanda  Read Replies (1) | Respond to of 3162
 
LANDRUSH
It is always good to take profits and cut- down money on the table. I have done this since I got in this stock at $8. y2k problem is not going anywhere and strong will get stronger and weak ones will fall by the wayside. IMRS is a leader in this area, plus they are sitting on a bundle of cash raised at the secondary offering. My guess is they will expand in non-y2k service area by buying a profitable established company. I may sell half of my position in high 40's but then who knows?