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JimQuinceH

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JimQuinceH

Re: MarketTurmoil post# 357252

Thursday, 02/10/2005 3:01:37 PM

Thursday, February 10, 2005 3:01:37 PM

Post# of 704019
<<How Do you presently feel about IMOS?>>

Market Turmoil, I think IMOS is cheap and it appears to have bottomed, for this cycle, on January 28th at $4.71. Unfortunetly, my average cost is $6.64 (including brokerage fees, in and out) and while I'm still expecting the market to go up into "about" February 25th, the trading day before my projected "Change of Direction Point" on February 28th, it doesn't appear that IMOS is going to make it back to my breakeven point, my guess now is a top around $6.10 and if that should occur about February 25th, then I'd sell IMOS at that point and take the loss.

Jim
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