Huge volume at 11.5 right at the end of the day.
Could this be the new base? Is the profit taking over
yet? My Elliot Wave analysis has it going a bit lower,
between 10.13 and 10.94 before it moves higher. It
predicts this current rally to go over 17. It correctly
predicted the pt pullback at 12.5 to 13 before it happened.
Everyone who got out at 13 timed it perfectly. The trick
now is to get back in at the right time.
has seen a pattern, ya think ? Winning in the
market being most people's objective, I say atta boy,
Dave. I'm with him, follow 2 dozen companies, and hold
some for long term for gain, others short term for
gain. IFMX has been converted to my short term list,
for good reason, same as Dave. Congrats to last
week's sellers, sympathy to the buyers. Some things
never change, and opportunities will permit repurchase
in th 6-7 range.
That Zorp this time did himself in. That's it. I
am sure nobody will take his word seriously from now
For his ownsake, I hope he had not sold All his
shares. But it sure sounded he did. Otherwise there was
no need for him to be so isidious. How could he be
so naive? or rather dirty?
shares. I indicated as much in a previous post.
I'm still long IFMX but won't be too upset if we
settle back to the single digits because I'll likely buy
back the shares I sold plus more. Otherwise, I'll just
take the cash and get ready for y2k.
chart on Yahoo!. Minor support at the 200-DMA
which is around $8/shr. Major support around $6 1/2 per
share because that's where it was before the recent run
up. IFMX continues to trade in the range of