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

To: snerd who wrote (4665)	1/15/1999 10:01:00 PM
From: Triffin	Read Replies (2) \| Respond to of 56535

Snerd/THREAD...What to look for in a 'play' I wanted to make a couple of observations about the IMON trade that some are currently in as an example of a worthwhile set-up to stay on the alert for during our daily stay on SI...If you have a portfolio set up on SI you will need to go there to follow this if not then go to this link and proceed: techstocks.com 1) type IMON <space> IATV in the window and depress the <get quotes> key 2) when the next window appears with a detailed quote for these two stocks the stock symbol should be a hot link 3) click IMON 4) when the page comes up scroll down to the 20 day bar chart and make a mental picture of the price pattern for this week 5) continue to scroll down and observe the building volume pattern for each day this week.. 6) page back and repeat for IATV 7) Keep this "positive price action coupled with rising daily volume " pattern in your head...this is what you want to see in all worthwhile 'plays' it is an indication that a "story" is out and people are "reacting" to it.. 8) It's a green light to a trader and why several people jumped in without any real DD 9) Make this procedure part of your screening process. Jim in CT..

To: snerd who wrote (4665)	1/15/1999 10:49:00 PM
From: hoffy	Read Replies (1) \| Respond to of 56535

>>>Hoffy... IMON... Hi hoffy. I could handle some of that for sure. But, I just took a quick look at it, and see the 52 week range of .40 - 2.62. Is that possible? I guess just on the hype and speculation? Just amazes me that a 2 dollar stock can go to 20 overnight! Crazy times we're in!>>>>>> Why not. SKYM went from 3 to 45. AAGP from 2 to 30, EGGS from 5 to 40, DLIA from 4 to 32. And these are not great companies with pretty poor earnings. IMON has a new internet search engine that could be huge. If it doesn't get to 20 I will be surprised. I'm betting on somewhere between 20-50 depending on how much it gets hyped and how much presss and ink it gets. EIther way at anything under 10 on Tuesday this is almost a steal. Long term I have no idea what this company will do. That will depend on it's ability to promote and sell their products. But I am not playing that right now. The internets trade on future hope and hype and IMON certainly has both of these. Between now and the release of their software on the 29th this will be on a nice upward ride. The shorts are going to get murdered on this one.