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

To: Robert Everhart who wrote (10648)	5/1/1998 5:57:00 PM
From: Mark Finger	Respond to of 14631

I see it trading in the 8-10 range. This report was positive news to the extent that it showed that Q4 was not a one time event. But it was not enough to justify much of an increase in price. Even the above range would be a 10-15% growth over what it traded the last 3 months, which is a pretty hefty growth rate. There may be some support for the upper end as the analysts revise their numbers in the wake of this announcement (I expect to see some of them boost their numbers by $.02 per quarter or so). I suspect that 11 is pretty much the top except for a very short period during the next three months and unlikely during the next 2 weeks.

To: Robert Everhart who wrote (10648)	5/1/1998 6:56:00 PM
From: Robert Graham	Read Replies (1) \| Respond to of 14631

The large block activity on this stock was light and mixed. I do not see funds in any significant way stepping into this stock on the dip. Most all of the activity looked to be speculators. Bob Graham

To: Robert Everhart who wrote (10648)	5/3/1998 10:03:00 PM
From: R Stevens	Read Replies (2) \| Respond to of 14631

>Does anyone know if any large blocks were bought today during the dip down? 15:59:35 10,000 @ 9 1/8 at the bid 15:59:22 8,800 @ 9 1/8 at the bid 15:57:29 9,600 @ 9 1/8 at the bid 15:53:44 44,000 @ 9 1/4 at the ask I have been watching the trading on the stock for the last few days and there has been a general mix of buyers and sellers. I haven't seen a strong bias either way. I sold after the open on Friday when the stock didn't gap up. However I wouldn't feel too bad if I still held my position, look at that 44k trade listed above. My guess is the stock trades down a bit and then picks up again either on news or anticipation of the next earnings announcement. Good luck to all, RS