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

To: Codee who wrote (11815)	9/3/1998 12:41:00 AM
From: MJ	Read Replies (1) \| Respond to of 14631

I can't really see IFMX tracking below 3 without further bad news. The company is profitable. They are a $700M organisation. They are in a huge market with few players. Recent softness is due to 'no excitement' and stock market downturn. Once a stock in this position gets around 3-4 selling interest slows and bargain hunters step in. We may test 3 1/2 again with further bad news in the market, but unless a loss is reported in Q3/4, this stock should be on the way up. JMO-MJ --a big 'hi' to the bald New Zealand cyclist.