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

To: Charles Hughes who wrote (11917)9/18/1998 4:11:00 PM
From: Vish Vishwanath  Read Replies (1) | Respond to of 14631
 
>>>I don't see that it got over 5.1 on the chart. And that looks like a roof for today>>>

you r right. we shuld be thankful if closed at 5 1/16. if the overseas markets do well over the weekend, it could move over the 5.12 point and stay above that till the earnings are out



To: Charles Hughes who wrote (11917)9/18/1998 4:35:00 PM
From: Robert Graham  Read Replies (2) | Respond to of 14631
 
That short interest will still be there at 5.12. Shorters on a stock like this are very reluctant to cover. Remember that the stock already came up from 3 1/2 to 5 now which is close to a 50% increase. Did you see a significant amount of short covering when this happened? Probably not.

Bob Graham


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