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


To: Gary Rez who wrote (652)1/19/1999 5:03:00 PM
From: TSMITH2  Respond to of 2220
 
I agree with you gary IMON is looking very good.

For the stock to hold as well as it did today there must be some real substance here. Day traders bailed this morning. Longer term investors should be coming in.

Holding my long position.



To: Gary Rez who wrote (652)1/19/1999 6:02:00 PM
From: Kailash  Respond to of 2220
 
Gary -

I'm not so sure the stock hasn't already peaked. News of massive insider selling plus a floorless convertible kept it below 7 after the pop at the open, in spite of 16.5 million shares traded. It ended up but I suggest you make a contingency plan for tomorrow in case it gaps down. This is a known stinker now and already sputtering.

Kailash