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

To: Robert Graham who wrote (11791)	8/31/1998 8:14:00 PM
From: James R. Barrett	Respond to of 14631

>>"We first saw money moving to bonds. Now we are seeing fund redemptions by the individual which is bad news. Today we see the institutions selling off to raise cash for the fund redemptions."<< Bob, lets see how long the people who exchanged their stock mutual funds for bond funds today stay out of the stock market. Trying to build a retirement nest egg with 5 1/4% T-Bills is a losing proposition. They will have to get back into the stock market, they have no choice, unless they are one of the lucky ones who have a company paid pension plan. I'll bet at least half of these poor fools miss out on the upturn when it comes. They will jump back in when the DOW hits 9300 again. Now is the time to begin exchanging bond funds for stock funds, not all at once, just a little at a time until you are 100% in stock funds. Then when the market hits 9500 reverse the proceedure until you get back to your original ratio. A good ratio for people over 50 is 60% stocks, 40% bonds. Jim

To: Robert Graham who wrote (11791)	8/31/1998 10:53:00 PM
From: Brendan W	Read Replies (2) \| Respond to of 14631

Bob, for the potential buyers out there can you explain the capital structure? The latest 10-Q shows no debt and no preferred. It does show a current liability "Advance from Financial Institution". Where are the convertible securities you reference? What are the conversion ratios? Is the company still cash flow negative? If not, why is ongoing financing an issue? Thanks for your help.

To: Robert Graham who wrote (11791)	9/1/1998 5:32:00 AM
From: Charles Hughes	Read Replies (1) \| Respond to of 14631

>>>First by no bargain hunters there to pick up the stock, and then selling by people selling with the market. After all, at this price, one point drop slashes their holdings by a large percentage.<<< You got that right. I felt pretty savvy buying back in at 5.50. Glad I bought lite, thinking to average. Now I'm just thinking, average my ass. I'll save that cash to pay for my extra helping of humble pie. Wish I'd listened to TTF, who did warn me several times (Thanks for trying.) The next time I precede my analysis with a phrase like, 'this seems kind of crazy, but I'm going to ...' somebody just have me shot before I bet the family farm on a pair of nines. I kind of wish I had reread my own analysis too, the one where I noted that 6 could be overvalued, not undervalued, especially in crisis (or something more or less like that.) A brief lucid moment, that. BTW, speaking of insanity, anybody still not think the Fed was insane to keep muttering about raising interest rates with this kind of trouble looming? They are renewing their reputation of yore for doing exactly the wrong thing at exactly the historically most crucial moments. Note to Greenspan: Hey Al, the party's over. Do something. Cheers, Chaz