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

To: Sycamore who wrote (12309)	11/10/1998 7:50:00 AM
From: James H. Irwin	Read Replies (1) \| Respond to of 14631

Yeah, I was referring to IFMX at the time--I thought IFMX was getting ready to push ahead...perhaps I should have directed everyone over to the EGGS thread for the last 40 minutes of yesterday's frenetic rip to the upside?? apologies to all. As for IFMX...if yesterday's action in the ERP stocks, e.g., ITWO, LGTY, DWRX, PSQL, etc. (DWRX = .794? shares of PSQL in merger to be completed), is any indication, all of us impatient types gotta let those Portfolio Managerial/Analytical types a chance to digest what they hear. Like all sheep, they hear something, go buy some, talk amongst their buddies, go buy some more, and then go to the next meeting(...I've been to about 3 of these meetings (AEA) when they were in Monterey.) So we wait huh? Now...these guys with their small cap portfolios are so behind their respective index/bogeys (=year end bonus) that they are looking for stocks of companies with strong balance sheets, some prospect that business is not totally drying up and where stock price declines are perceptibly overdone. Remember their are two types of RISK...information and price. If you got good solid information, ala DELL over the past how many years, you always pay through the nose to get in...and if you are getting a low price, you probably don't have good solid information/or outlook....:-) One extra piece of input, with 7 weeks or so to go, these guys will try to throw their dough at their recent buys to keep their performance up...we used call it in the Institutional equity sales biz as "the Marquis de Markup," when at year end all these guys mark their positions up with 5,000 to buy at the close (for some of these names it doesn't take much)...so at year end if you don't mind some cap gains...me I want to pay a million in taxes for '98...consider selling ones up steeply and maybe build a quarter or half position in ones that didn't respond to the rally, as long as you've done your homework...something I did in BEST Software (BEST:Nasdaq)that doubled in about a month and a half into this year. (You can check out my posts there if you are bored between 10:15am to 3:20 on any day when the market seems to drift sideways...does anyone else see all the action in the first and last 40 minutes of the day?) Then when they start to respond on January 2 or 3, get out there and lever up your position and get those market making types short with M-A-R-K-E-T orders! as usual...bon chance P.S. Hope I wasn't too verbose in the above diatribe...just trying to pass along some of my experience to help everyone make a little more jing by either not waiting to long to get in or not long enough to sell, or why stock prices move how and when they do...hope that makes sense. EGGS, giv'em a break! :)