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

To: LTK007 who wrote (4854)	1/17/1999 6:30:00 PM
From: Chris O'Keefe	Read Replies (2) \| Respond to of 56535

Max: IMON: Yes, IMON is showing no money but, FWIW, Henry Fong, Chairman of IMON, is filthy rich! He is the president of EQTX and according to insider trading records, holds 694,984 shares. That stock is at $8.50 these days. It's stuff like this, and buzz words "Sun Microsystems" and "Intel" that get me to thinking that this IMON thing could actually be the real deal. Conjecture: If ImaginOn turns out to be a scam/fraud, wouldn't that crush Fong's credibility with EQTX? Ergo, Fong is not going to risk his 694,984 EQTX shares and reputation being chairman of IMON if it's not for real. Now with all that said, I'm not a long on IMON right now. I'd love to hold until $15 or $20, but in fact, if that baby breaks $10 or $12 Tuesday, I imagine my finger on the sell button will push involuntarily <g>.