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Gold/Mining/Energy : InMedia Presentations (IMD.M) -- Digital Imaging Software -- Ignore unavailable to you. Want to Upgrade?


To: Ed Ajootian who wrote (19)10/14/1998 12:42:00 PM
From: Jon Warren  Read Replies (1) | Respond to of 33
 
Ed,

Still following and I think I will trim some at $1.50 as well and hold the rest for higher peaks. The head of this company keeps talking about $4 early next year. Seeing how most other stocks are tanking and their stock is bucking the trend he may be right. Especially early next year when people do their RRSP contributions.

Note that we are heading into tax loss selling season here. Considering that IMD was above $3 a year ago there must be a lot of people that would want to sell stock and take the large loss to offset their other gains. This should only occur if they have no faith in the possibility of going back to those previous highs. If the stock continues to stay at these levels or higher till the end of the year that would indicate to me that people are very bullish on this company.

Do you know if they are going to move to the TSE and/or NASDAQ soon. I know they have plans to do so because every company wants to be listed on a bigger exchange.

JW