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

To: Doug who wrote (11806)	9/1/1998 11:23:00 PM
From: Lizzie Tudor	Respond to of 14631

Actually, Sebl, Psft and Sap (the big 3 in C/S applications) all went up as much or more than ifmx. But, ifmx was the winner in dbms engine technology. Michelle

To: Doug who wrote (11806)	9/2/1998 8:26:00 AM
From: RDH	Read Replies (1) \| Respond to of 14631

Although, I am bullish on IFMX, I believe some caution is in order. The rise yesterday is probably more due to short covering than any other factor. Shorts saw that the market was heading up and that IFMX was below 4, so might as well cover and take substantial profits. Hopefully only a small percentage of short covering has taken place. I think as Bob Graham so insightfully points out, the buyers are not around in force. Yet. Long term we are fine. Short term, some caution might be wise. Of course, I believe in long term investing -- so I see nothing but good news here. - RDH.