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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Michael L. who wrote (16118)	5/4/1998 12:45:00 PM
From: Doug R	Respond to of 79384

Michael, I don't know what to make of it on face value. Maybe Charly or Sergio can give you a bit of insight on it. It sure made for a busy day for the stock. Doug R

To: Michael L. who wrote (16118)	5/4/1998 11:12:00 PM
From: Alski	Read Replies (1) \| Respond to of 79384

Michael, IFCI had a nice little BO over first resistance, heavy resistance at 7 though. Warrants are still a dark cloud looming on the horizon, just a bit farther away now. IFCI will need serious pumping to break through 7, then over 8.10 by Aug. Could happen and I expect IFCI to try, but unless they've got some pretty impressive cards up their sleeve I expect IFCI will replay January through April, decaying right back down to 5.5. If it starts to approach 8, heavy shorting is not unlikely. Warrants represent a lot of pending dilution and profit taking if they're called or converted. For comparison check out AIPN's chart. I'm not saying the companies are comparable; nothing at all similar between them, except expiring warrants. AIPN extended their warrants at the beginning of the year causing a nice little pop. Price decays from there to $4 conversion price shortly before April 9 expiry, then drops to 2. IFCI's fundies are mega-better than AIPN, but all that dilution is a powerful force. If I was sitting on some IFCI profit I'd probably have a pretty tight stop set, mentally if not GTC. It would get real tight if IFCI threatens 7 or %K approaches 80 again. I suspect there will be another buying op once the warrants are finally gone. All IMHO of course....Alski