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


To: Robert Graham who wrote (10729)5/7/1998 7:27:00 PM
From: @jim  Read Replies (3) | Respond to of 14631
 
>>>>Funds tend to accumulate before a runup transpires in a stock..

Thanks Bob. I was just thinking along the same line. That is, with all the good fundamental news about the stock, it's speculation and the market at large that is keeping it down.

And what a good time for major funds to "sneak" into the stock at a
good price so when the speculators come back in two months, there will be an ever higher upside....pushing up to the low teens which is where many of us thought it might go after this last earnings report.

What a good lesson this had been to me. It just makes me sick when a see the value of my IFMX portfolio drop so many thousands in a week.
I'm averaged in between 4.7 and 7.0 (about 6 average). But I'm pretty confident it will swing around again.

@jim