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Technology Stocks : IMON - Quoted from Barron's Corporate Reports -- Ignore unavailable to you. Want to Upgrade?


To: BigTex who wrote (396)1/17/1999 10:59:00 PM
From: Rodney Glover  Read Replies (1) | Respond to of 2220
 
I bought IMON @3 1/4 and sold @ 3 7/8 when the trend started to flaten...I never bought back in. The truth is, I don't know where this stock will go, its gambling to me. On one hand, you have a terrible company with an unproven "hot" product, on the other hand, you have the BIG - BAD Internet reputation. I've traded several small Internet companies that never made it to the YHOO, KTEL, AMZN land and probably never will. But its those few that do make it that make the headlines (I don't know why the major business news operations aren't following IMON). Good luck for those traders and investors that DO know where this one will wind up. For me, I will probably play the odds (1 in 20) that IMON will not hold the big gains. Looking to short the Gap (if any) at the open. Also, the trend does not look like the other Internet Heroes, it was TOO flat and steady and when it was turbulent it did not move erratic (+-2 pts) like other Internet stocks. Anyway,good luck to everyone, I'll take my position at the open Tuesday.