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

To: Doug who wrote (10831)	5/18/1998 2:12:00 PM
From: bob zagorin	Respond to of 14631

his target is $28 in the newsletter (that's a little too optimistic for me. i would look for the high teens). he may have mentioned a time frame on the hotline but i didn't note it. he does the accounting firm was the last major piece of the new mgt. team and he sees momentum building in the second half of this year.

To: Doug who wrote (10831)	5/18/1998 2:16:00 PM
From: Robert Graham	Respond to of 14631

Looks like an intraday ceiling of 7 13/16 for a trading range of 7 5/8 to 7 13/16. There was an initial burst of activity at the beginning of the day. But there was no follow through, that is why the price is staying in this trading range under 8. I do not think the preferred stock holder sold his common stock today unless he dumped some in the morning. More likely I think he will wait for a more liquid day, perhaps one that is above 8, before dumping his shares. I think the light trading in this issue may have contributed to the stock's ability to move (temporarily) below 8. Bob Graham