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

To: Melissa McAuliffe who wrote (10359)	4/21/1998 3:04:00 PM
From: Robert Graham	Respond to of 14631

Thank you,Melissa. I have been trying to use this free Internet Trader and it does have its problems. Now that IFMX is selling above 9,. at every opportunity the MM has been trying to move up the bid, it has been met with lighter volume. Then heavier volume has been showing up below the bid and at the ask. The price then moves down a bit to then move up into less buying activity but continuing sell activity. There was a lull which the stock is moving out of and showing larger transactions at or near the bid. Time will tell at this point. Usually activity increases with stocks at around 3:00 to 3:30 PM EST. This should provide the clue I am looking for. At the same time, I see significant activity on the out-of-the-money MAY 10 CALLs. Evidently there are some who are expecting another earnings surprise. In this speculative market, I am not surprised. I may write this option instead of the 7.5 which has comparatively little premium which is to be expected on this stock. Bob Graham