Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Earthdog who wrote (13094)	3/29/1999 8:58:00 AM
From: Mark Ericson	Respond to of 14631

Earthdog, Sydney...re.IFMX pre-earnings moves............... I do expect IFMX to move up in the next several weeks as the momentum players jump in for the pre-earnings ride. However, I don't think the rise will be quite as dramatic as it has been in the past and this time I expect to see follow thru after earnings. In the past we have seen the sharp run-up prior to earnings driven primarily by the momentum players and the accompanying short squeeze. Then after earnings, the momentum crowd bails, and price falls off. As the new IFMX matures and their earnings become more predictable, I expect to see less and less of this gamesmanship and more consistent moves driven by the more stable fund/money managers. After earnings, I even expect to see some of the more astute analysts start re-establishing their positions with new reports and upgrades, as H&Q did recently. The clients of this firms must be getting pretty frustrated right about now given the "fence sitting, do nothing, say nothing" treatment they have been getting for the past year. An analyst can only sit on a fence for so long before his credibility fades. I'm looking for the $10 to $11 range by earnings release, then a plateau followed by a gradual increase to the $12 to $14 range by summer, continuing to the $15+ range by years end. I personally prefer this type of company/earnings/price stability over all the "gaming" and associated volatility we have seen for the past year.