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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Jim B who wrote (12350)7/21/1999 12:42:00 PM
From: Panita  Read Replies (2) of 108040
 
INIT - going in with both feet here quiet period is almost over. Tons of people have figured out the game and are jumping in 3-5 days before quiet period ends.

Lots of day traders played it last week to 23, and now that they move to the next day trade the stock slipped to 19 7/16.

Key on INIT is EXDS its big brother. INIT lead underwriter is Merril Lynch so it is easy for MER to give INIT a strong buy on a relative basis.

Looking for a nice run to 30 by end of July.
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