INTD - InteliData Message Board

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Technology Stocks : INTD - InteliData

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To: skidder who wrote (861)	4/27/1999 7:06:00 PM
From: David Wolfson	Read Replies (1) of 994

Yeah, good call Skidder. I'm very happy about this movement. There's really nothing new about the company itself (at least not today), it's just internet momentum--but there's no limit to how high internet hysteria can carry a stock. It looked like the company was beating a retreat the other day, but to launch into another high like this is technically very bullish. INDT was doing far less as a company several years ago when it was trading in the 20's, so there's no reason to suspect it won't head in that direction again. Consider how many companies are out there that are losing much more each year in earnings thatn INTD that are trading in the 80's and 90's. I'm not saying INTD will make it to that level any time soon, but it's just indicative of where a happy market can carry a stock. Let's hope the market stays happy! Best to all, Dave

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