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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (82732)2/12/2000 11:16:00 AM
From: David Smith   of 120523
 
Jenna, a gem........

I started posting to you about INAI when the stock was around $3. It closed Friday at $9. I believe this is a stock you want to take a position in and stay long for a few months. It's close on Friday was actually a multi-year high for the stock, in a horrible overall market...Thursday's close of $10 was a bad print.

INAI is rapidly becoming a crucial part of the e-commerce implementation strategy of some huge companies. SAP owns 10% of the stock, and there has been some massive insider buying...a director bought over a million shares last year. I would not be at all surprised to see SAP simply buy this company...INAI's market cap is only $170 million, which is what the company's products have recently saved some of it's clients in what would have been lost opportunity.

There has been some large institutional buying in the stock during the past few weeks. I can see INAI trading in the 20's with the next month or two.
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