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Technology Stocks : Interliant, Inc. (INIT)
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To: $Mogul who wrote (208)7/15/1999 10:17:00 AM
From: xbrent  Read Replies (1) of 1214
 
INIT doing quite nicely. Daytraders will probably split around 3 or 3:30, causing minor sell off and then a nice close and a gapper in the morning, is how I see it. Should be somewhat wild during the day with with profit taking, stops being taken out, MM's looking for shares, a shake somewhere during the day etc. IMO most buyers will be looking to hold longer term and will be accumulating, that should accentuate the momentum. Lots of people thinking $50 within a month or so, thats the carrot.
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