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


To: Phuoc Le who wrote (9810)3/5/1998 12:16:00 AM
From: James A. Shankland  Read Replies (2) | Respond to of 14631
 
Phuoc, my criticism was not directed at you. I just hit "reply," so the message ended up nominally addressed to you. Sorry for the misunderstanding.



To: Phuoc Le who wrote (9810)3/5/1998 12:52:00 PM
From: Sydney  Read Replies (3) | Respond to of 14631
 
Maybe everyone should look at the overall picture on this stock. Technically it is poised for a break out to the up side. There is always emotion involved with a stock, as all on this thread can observe from what the discussions here entail, and the emotional outlook has definitely turned positive.

The financial picture gives a positive trend to the stock. The very professional approach by Mr. F, gives a good deal of credibility to the positive picture.

There is a very high short position in which I see a fantastic opportunity. The stock has bounced quite convincingly off of the resistance area just above $7, and it responded very nicely to the sell off today. The shorts are going to see it start to move up and as the pressure mounts the buying to cover will start at a trickle and as the MM observe this, the price will increase at a more rapid pace. The short squeeze should, at this time, give all of you a nice return.

Informix is also in a business which won't be bothered by the computer manufacturing and chip markets. Money may very well migrate into this area as these problems develop.

So all of you owners should relax and enjoy the ride. The others will be wishing they had been on the train.