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

To: DM who wrote (4730)	1/16/1999 10:54:00 AM
From: Triffin	Read Replies (1) \| Respond to of 56535

DM...IMON..IATV... If you aren't already in...I wouldn't chase at this point With +20 mm shs IMON traded Friday..I plan to sell into any gap-up opening.. To sustain the move at this point the fundamentals need to be solid..this is also an 'event' trade...probably this stock settles down..another push as we go into the software release date around Jan 29th... Don't forget..alot of people are in this one under $2.00....they have room to be wrong.. Another general observation on the i-net and how forums like SI have changed trading...it used to be with a play like IMON you could count on about a 4 day run..when you have some time ... scan several price charts of stocks you are familiar with and note the areas where the "vertical" periods..ie where the price changed rapidly in a short period of time..I think you'll find from that most rapid price changes in either direction play out in 4-5 days..with instant communictions on the i-net some of these moves are being compressed..in time Jim in CT..