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

To: Doug who wrote (12821)	1/14/1999 9:44:00 PM
From: Arthur Radley	Read Replies (2) \| Respond to of 14631

Considering the overall tone of the market today, IFMX held up well. Tomorrow will be a very interesting day with option expirations. A good friend(retired from having his own seat on the Pacific Exchange) called me on Tuesday with the warning of a violent downdraft by Friday(tomorrow)because of the heavy exposure in the options markets. Boy! Has he been right on if you consider 300 points in two days. As for IFMX, I don't expect a move up until next week and the resistance will probably come at the 13.00 level. Then with blow-out earnings, 15.00 would be nice.