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

To: Robert Graham who wrote (11948)	9/22/1998 3:35:00 PM
From: Gene Lee	Respond to of 14631

So far we have seen continued accumulation under 5, and relatively over supply at slightly above 5. We haven't seen significant new high in the last 2 to 3 days, but we do see clearly higher lows, so as narrowed trading range. If this pattern continue, it will break the 5+ ResLn. The first signal I would consider as a starting pullback if IFMX drops below 4 3/4. The reason of 5+ selling pressure, IMHO, is profit taking by short term player, from 4 to 5 is 25% return, it is too good to reject considering overall market condition. - Gene