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

To: Doug who wrote (11762)	8/27/1998 2:34:00 PM
From: RDH	Read Replies (2) \| Respond to of 14631

This move down by Informix is caused partially by purely technical hocus-pocus. Many investors expect it to "retest" the December lows. In addition the decline in the major indexes is helping to push this stock down. Notice the strong support at 4 though. Informix hit 4 1/8 early on today (this is a price that I got some more at today) and stayed there despite the DOW slumping down to over 350 (I think it was) points down. This stock may have found its bottom. I hope not. I still have some open orders. In December I was left with open orders below 4, since IFMX never broke four. I hope this time all my current open orders are filled. I do not think there is any hidden news. Of course its easy to be wrong here, but I do not see any evidence to indicate this. The future for IFMX looks stronger than it has since the early part of 1997. - RDH.