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

To: uu who wrote (10506)	4/30/1998 5:55:00 AM
From: tony 890	Read Replies (1) \| Respond to of 14631

Addi, saw that. Remember the extra-large vol. the past few days or so is not incl. So, what you have now is MORE new shorts as well as NEW longs. Gotta' love it! <gg>

To: uu who wrote (10506)	4/30/1998 10:08:00 AM
From: Mark Finger	Read Replies (2) \| Respond to of 14631

>>Will we see $14 or even $15 by the end of next week?!!! There is just too much irrational optimism here. I think that the current stock price already has expectations of at least $.05 built in. Think about this for a while. For a 12 month period (Q4 97 to Q3 98), $.30 profit is very optimistic, and $.50 is probably too high. Definitely you won't see any analysts predicting anything like this even after the report. Then apply a P/E ratio of 30-40 to that--IFMX is NOT Microsoft with a record of consistent earnings and cannot justify a 50. That says that $15-20 is a reasonable range for November, and that is only if you really believe in the numbers above. I see the price unlikely to get above $13 unless the profit comes in above $.10 (and that would require sales above $200M for the quarter--remember $180M only produced $.05 profit, and Q1 normally is not a growth quarter on successive quarter basis). BTW, I am long IFMX with my ESOP (as a former employee) shares.