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

To: Marq Spencer who wrote (12741)	1/6/1999 5:25:00 PM
From: Zoro	Respond to of 14631

Picking the proper sales price is incredibly difficult in these momentum driven high flying stocks. I had mindspring at 9, held it through 24, when it dropped back to 20 I got out figuring I had a nice double, and based on my discipline to get out if I can net a double after a 20% pullback. That was around Sept. of 97 I think. If I still held, after a 3 for 1 split it's now 75 or so, equalling 225 against my 9 basis. I like the Walmart association with this stock and plan on hanging in for at least a few more months. Good luck to all.

To: Marq Spencer who wrote (12741)	1/6/1999 5:47:00 PM
From: Dinesh	Respond to of 14631

Brian, It is never a mistake if you take money off the table when your targets are reached That makes sense if the objective was speculation. Going by the fundamentals, there are no "target", only over- and under- valuation. As long as the mgmt is doing the right things and offers good return on (your) investment, why sell ? Yeah, I know no one ever went broke by booking profits but, really, would you have been happy had you, say, bot at $5 and sold at $6 (20% gain)??? Besides, it is so incredibly hard to time the market. And, all those tax penalties (of course adding to my Soc Sec fund 8-\| Regards Dinesh

To: Marq Spencer who wrote (12741)	1/6/1999 6:31:00 PM
From: Lee L.	Read Replies (1) \| Respond to of 14631

To the thread: It seems that IFMX may be getting a little ahead of itself (I'm long, so I'm not complaining). Given that we haven't seen any press releases of big new orders, I wonder if this momentum can be sustained after earnings. It's been a while for me, but I guess that it's time to pull the last couple of 10Qs and review the financials in detail. With all of the restatements, this kind of analysis has seem rather pointless in the past. Also, I think the REDB was a good strategic acquisition, but I've seen no evidence from IFMX that their fabulous 'sales machine' (do they have one?) can turn that acquisition into higher earnings. In the next 6 months or so, I'm guessing that REDB will add only costs. Where's Bob Graham when you need him?

To: Marq Spencer who wrote (12741)	1/6/1999 9:07:00 PM
From: Taby	Read Replies (1) \| Respond to of 14631

<It is never a mistake if you take money off the table when your targets are reached.> Well, if you bought Microsoft at 5 and sold it at 10 ten years ago, and you don't call it a mistake, then you are right.

To: Marq Spencer who wrote (12741)	1/6/1999 11:44:00 PM
From: McNabb Brothers	Read Replies (1) \| Respond to of 14631

Brain, You are right about taking a profit. My dad always told me that I would never go broke taking a profit. What he did not tell me was I would never be rich if I did take my profits. I have held some of my core holdings for 10 years or more now, but I can show you where I have sold off some of the core holdings and in some cases all of a position only to look back and wish I still had the position. Wal*Mart is a good example that I take a realilty check on every now and then! Hank