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Gold/Mining/Energy : Image Power (IPZ.VSE) -- Ignore unavailable to you. Want to Upgrade?

To: Miner who wrote (175)	4/24/1999 3:38:00 PM
From: John Fairchild	Read Replies (1) \| Respond to of 383

Thanks for sharing that information John. I posted the following on Stockhouse. Second highest trader on the VSE this week. This makes IPZ the highest trader on the VSE for 3 weeks in a row and the second highest trader last week. That has got to be some kind of a record. 59 million shares have traded hands in the last 4 weeks. The stock has captured the markets attention and has held it. People are flipping it like crazy but as I have posted before, a wide group of houses now have a significant position mostly from the cheap shares that were held by Global. Haywood has also been the big seller. I don't know whether Haywood does jitney trades from Global but it is worth considering. We know that the cheaper paper has got to be pretty much all but gone and there is some question of some short positions. I have my doubt's whether anyone would be stupid enough to hold a short position at these prices and with the average share price over the last 30 days at .35 in new hands (but likely much higher as flippers traded the cheaper share price average) My belief is that we now have a large percentage of shares being held by some very firm hands. Even firm hands will flip to reposition at a lower price when they see a sucker rally. But we are getting very close in my opinion to a steady price appreciation that will be sustained. We have basically seen a news black out for the last few weeks. IPZ has hired a big gun from Silicon Valley, they have just moved to a new location assumable to allow for company growth, they are hiring to keep up with that growth. We know that Image Power is the first company to introduce a commercial software version of the JBIG2 standard for the Windows desktop and they have a conditional purchase agreement from efax who are in the process of testing this technology. We know that IPZ has relationships with some very big companies as a result of being a JBIG2 committee member. The technology has taken two years to develop and represents a very major commitment both in time and money for IPZ. The company in my opinion is on the verge of being rewarded for these efforts and I think the market has recognized this by the resent accumulation of the stock by a very wide base of investors. We now have invested interests (large positions) by these investors, which will act as market makers to move this stock up when the timing is right. In my opinion we are very close. The market makers will spend a few bucks to move this stock much higher than what it is right now and I think they may move it ahead of any news so that the stock gets a big bang when some news does come out. This week we may see them release news about the faxpc.com launch. They may take the opportunity to provide a general update on the companies activities. At any rate I expect this release to have a very positive impact on the stock, as it will represent a milestone delivery (FaxPC). Sorry if I sound so bullish but I just think the rewards for investing in this company at this stage before the significance of all their work becomes a commercial success as evidenced by the signing of contracts is going to be very well rewarded. The commercial success of their compression technology may be right on our doorstep. We don't know what kind of deals they are working on behind closed doors but if they are with some blue chip companies this stock will be trading many multiples of what it is today. Once this happens the flipping is going to die down, as sellers will no longer have confidence of a reentry at a lower prices. We have all seen charts that show nice steady climbs that occur over a period of months and sometimes years. This could very well be one of those stocks. Think big, Think JBIG2. John