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Technology Stocks : IBIS -- Ignore unavailable to you. Want to Upgrade?


To: dmcl who wrote (164)9/1/1998 1:41:00 AM
From: HerbVic  Respond to of 301
 
Well, cash is king, long is wrong. The shorts were right, and I'm ... well ... "turned into a nervous long term investor."

But nothing has changed relative to IBIS. The stock is suffering from small-cap liquidity-trap rejectitis. It will be at 13 1/2 again in January if not sooner.

This market-meltdown was started by sell-to-cover losses from Russia's default. It is now perpetuated by irrational fear. While the cyclonic frenzy may continue, the greater likelihood is that a bargain hunting front will soon form to take the energy out of the storm.

After all, ... the stock don't know that it's down. The investors do. Of all the markets in this world, who's got the best equities?

HerbVic