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

To: Arthur Radley who wrote (12822)	1/15/1999 10:18:00 AM
From: @jim	Read Replies (1) \| Respond to of 14631

<resistance will probably come at the 13.00 level> Thanks for the downdraft comment due to options...I've not made any comments here for 6 months or so but I've been watching. I think we are at a point in the turnaround that we need to look at historical levels (e.g.. Phil White days), in addition to current trends, to start predict resistance levels. I rode IFMX from the high teens into the 20's. Got out, luckily. Watched it fall to mid teens, sit there for a while and then drop like a rock to the 7's and then slowly down to 3.5. I started acquiring at 7 and downward. Now, going back up, it seems that as we pass 13 a get a base at that level there should ber a quick ride up to the mid or high teens again of the basis of who was in this stock before the turnaround. Just an opinion. We need some discussion on where the next plateau will be. @jim