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

To: paul e thomas who wrote (2349)	4/19/1998 12:51:00 PM
From: Nanda	Respond to of 3162

PAUL, I personally think we both have done equally well. I have no complaints whatsoever!!! IMRS is indeed one of the best y2k plays. On the day of last earnings I sold quite a bit but over the last 2 months I am back in full swing with better than ever good feelings about IMRS. Now I am an options player only near earnings or when my tea leaves tell me to buy them. I never buy IMRS options more than 2 months ahead. June will be my limit. Currently I have only May 40's as I want to take advantage of earnings. I sold my 36+ last week when stock moved to 41. I buy 10 options at a time and if it drops below within a day or two of my buying I double up. I sell anytime I have 2-3 point gain and wait for new opportunity. I always put limit sell with 4-5 point higher than buy price, in case it goes up and fast down as it happens with IMRS everyday. Also this way you dont have to follow it every minute. Good luck and let me know how you are doing.