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

To: Punko who wrote (13196)	4/19/1999 4:51:00 PM
From: American Spirit	Read Replies (1) \| Respond to of 14631

I believe today was a dumping climax. It may continue early tomorrow but things should calm down and ramp up on bargain-hunting from there. IFMX like many stocks today suffered (only a little though) from mass covering of margins, panic to get out all at once, etc. Historically these are the best times to buy, but picking a bottom can be tricky. I bought AOL today at 118 and thought thast HAD to be the bottom. It went down another 6 points. On October 8th (closer to tax loss season) I sold everything at rock bottom prices, then put it back into comprable stocks like CIEN and LU. Within a month I had made all my money back and saved some on taxes. But it's a nerve-wracking game to play. I had to use real discipline today but we were all overwhelmed by the ferocity of the sell-off. Hopefully this gets all the sellers out. Buyers should start coming back in very soon.