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

To: David Meyer who wrote (12799)	1/12/1999 1:20:00 AM
From: bob zagorin	Read Replies (1) \| Respond to of 14631

david, i certainly don't know what will happen. i've seen estimates from .10 to .15 for earnings. fundamentally, the stock has gotten a little bit ahead but if the earnings are accelerating that could convince some analysts to pay a higher multiple. technically, i think there is some support around 11 but it could evaporate if the overall market goes down or the earnings don't surprise. i'd guess ifmx needs some time to make a new base at this higher level so i am on the sidelines right now but might start nibbling if i see some good support developing at 10-11. fwiw.