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


To: Tom Gebing who wrote (11965)9/26/1998 6:02:00 PM
From: LakesideTrader  Respond to of 14631
 
Thanks so much for sharing this info. Very informative.



To: Tom Gebing who wrote (11965)9/28/1998 8:07:00 AM
From: RDH  Respond to of 14631
 
Tom: "IFMX short interest drops by 8.5 million...... IMO, this is very bullish."

I am not sure. If short interest is down that much -- then it is short interest that has been a major factor in the stocks rise back up past $5. A general lack of buying interest. Shorts are covering probably because of earnings coming up and the general trend of IFMX the last several quarters to rise before earnings come out. Since the trend has been for IFMX to drop after earnings ,even though earnings have been significantly above expectations, we may see little buying interest after earnings and some additional shorting.

All in all, this doesn't mean much to anyone in IFMX for the long term. Just noise.

RDH.