Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: DM who wrote (3299)	1/6/1999 11:57:00 AM
From: Poet	Read Replies (2) \| Respond to of 56535

DBCC: Looks terribly weak today. I'm going to sell my remaining holdings at a loss.

To: DM who wrote (3299)	1/6/1999 12:10:00 PM
From: steve brooks	Respond to of 56535

DM - IFMX Trade 12.68 Bought I have been watching this stock for a couple of weeks but did not get in until today after missing the 2 point run up this morning I waited for pullback. Showing good support at 12.5 intra-day. I am looking for it to move back up by end of day. My goal is .5 by end of day. If not I will probably get out. The stock was at 8 on 12/30 so up over 50% in four days. Also it has been mentioned as a buy the past two days by Stock Street Cafe. I'm a bit nervous holding overnight with the recent run but what do I know?

To: DM who wrote (3299)	1/6/1999 11:32:00 PM
From: steve brooks	Read Replies (1) \| Respond to of 56535

All: IFMX 1/6 up 1.25 to close at $12.5 on 20 mill shs. Over the past 5 trading days this stock is up from 8 which is a 56% gain. I've done some quick DD and where is what I've found: New management in the past six months with a new CFO Howard Bain from Symantec announced 1/4. New contracts with Baby Bells and Wallmart. Presented at the Morgan Stanley Networking, Software and Internet Conference. IFMX users conference is scheduled for 1/19 and new product announcements are expected along with general hype. Advisor.com picks IFMX in its top ten portfolio and speculates that it is a takeover target in 1999. Raging Bull is also rating IFMX a buy and holding it their portfolio. CNBC has given several mentions to the stock mostly on 1/5 by Michael Murphy. The aftermarket today was rather active trading at roughly 12 3/8 to 12.5, based on a post from the SI IFMX thread. IFMX acquired Red Brick Systems and received stockholder approval announced 1/4. Earnings 4-Q 98 are expected to be $.11 and according to Thompson's the announcement should be 2/12/99. Another poster on the IFMX thread indicated 2/1/99. I will keep looking to pin this one down. Based on $.11 in 4Q 98 the year's EPS would be $.28 which is a significant turnaround from 1997 $(2.36). Float 151 m. Institutions own 20% of the stock and apparently have been buying more. Short Interest 9.4 m 12/98. May be a lot smaller now given the run up. TA: I am not an expert would like to know if any one else see these things differently or the same. Volume very strong over the past five days <12/24/98 1,615,800 12/28/98 1,939,300 12/29/98 1,962,300 12/30/98 5,218,400 12/31/98 5,728,200 01/04/99 12,541,500 01/05/99 9,580,000 01/06/99 20,277,400> Stochastics fast ducked under the slow based on Clear Station chart 1/6. Could be showing signs of slowing down. The stock has blown through the old 52-week high of 10.44 from May-98. I held my position today at 12.68 and will see what happens in the morn. I will probably dump if it looks weak and wait for a pullback and some consolidation. Good Trading