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

To: AmericanDane who wrote (12180)	10/23/1998 12:39:00 PM
From: The Gambler	Respond to of 14631

Hey, no sweat at all here. I would have bailed out long ago if I don't believe the fundamentals. What I'm trying to do is to determine how much more down side there is and whether it is worth to wait a little longer before adding position. I see IFMX closing the cycle of turn around and ready to move to higher ground. I just need some opinions on the TA just to get diff. perspectives.

To: AmericanDane who wrote (12180)	10/23/1998 12:55:00 PM
From: Jeff Meredith	Respond to of 14631

AmeriDane writes: My read is that the cat was out of the bag, and people knew the qtr was going to be good. The stock moved quite a bit in the period before the announcement, and after earnings we are just unwinding some profit taking. Agree, agree. Additional positive signs: 1. HA isn't here to gloat and foretell our imminent demise. 2. Treetopflier might (and I mean just maybe) be hesitating a little before blasting away. When the critics are quiet... Jeff (The Kool-Aid is on me!) Meredith

To: AmericanDane who wrote (12180)	10/23/1998 2:44:00 PM
From: Charles Hughes	Respond to of 14631

>>> My read is that the cat was out of the bag, and people knew the qtr was going to be good. Yes, the earnings almost exactly fit the whisper numbers. In that situation, its 'sell on the news.' When it is seen that the usual post-news drop is over, there may be a little buying. Still, the negative sentiment for IFMX during a 50% retracement period for the nasdaq is discouraging. Apparently we need another good quarter or two. Getting cheated out of their money has that effect on people, yes? Chaz