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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?


To: Silicon Trader who wrote (9540)2/19/1998 12:35:00 AM
From: James Luk  Respond to of 14631
 
No special tool; just technical analysis. Four items make IFMX a good buy now:

1. Four consecutive sessions where volume exceed 5.5 mil. shares; not to mention 20 mil. shares traded the first of the past 4 sessions and 6.9 mil. shares traded today.

2. Upgrade by Cowen today.

3. Strong markets in general, achieving new highs.

4. Stabilization of Asian markets, particularly, HK, Japan, Taiwan, China, etc.

In view of item 1, I suspect something significant is going to happen to IFMX shortly. (Just my estimation.)

Good luck to you all.