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

To: wpckr who wrote (10698)	5/5/1998 12:53:00 PM
From: @jim	Read Replies (2) \| Respond to of 14631

>>To All: Don't worry. Be happy. Profit taking. This is trader mentality not investor mentality. IMHO we saw the stock rise along with tremendous volume. That meant there were a lot of traders and speculators seeing a 1-2 point spread opportunity. This trading is not a function of the company's fundamentals as much as it is trading on the psychology of the market. For those long investors who were around last December, the comments I and others made on this board were that Bob F. would need at least 2 qtrs. to break-even. The results of his efforts would not be seen in the stock until Q3 or Q4... if he was really doing the right things. To the extent that he has shown a profit, and I don't care where it came from, these last two Q's shows me we have a managment team that is going to kick some *** in the near future. I'm thrilled at the performance to date and more than willing to wait for the next Q or two to see IFMX back in the teens. There are too many companies that are 1/4 their size with better stock prices. What this means is that IFMX, which is much larger, has a lot more market muscle to push its way back up. (I'd rather be in IFMX position than Apple's) But it's a momentum game. We had this huge elephant running in the wrong direction. The bigger the elephant the more time it takes to turn its head. But Bob F. has clearly done that over the past 2 quarters. We will see the momentum of what he has done now in the next few quarters. I'm here till I get my 5 bagger. Or until management makes some real mistakes. So far, we couldn't have asked for better results. Call me a Warren Buffet wantabe if you want...I think if you get out you'll miss the big spike! Don't worry. Be happy. @jim