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


To: investorgal who wrote (10357)4/21/1998 2:30:00 PM
From: Robert Graham  Read Replies (1) | Respond to of 14631
 
Thanks for your opinion. I always find that you are worth listening to. Perhaps we are seeing better. I think this new CEO was a good move for the company and he seems sincere in his efforts, even though I think he has been a little slow in getting his management team together. I wonder how much of an emphasis Bob F places on sales and marketing?

Looking at the tape I see the stock is meeting with selling at above 9. The MM appeared to have collected an inventory of stock before the stock's move to above 9 which I think may be contributing to the selling that I am seeing. If this stock continues to be met with selling on any attempts by the MM to move the ask up on this stock, then I think this stock will see a continued flurry of sales at about 9 1/8 to 9 1/4 and end up closing below 9. I do not see and fund buying right now. I suspect they are waiting until after this earnings announcement. It is all short term speculative activity from what I see. The time between 3:00 and 3:30 PM may be revealing.

Bob Graham