Interliant, Inc. (INIT) Message Board

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Technology Stocks : Interliant, Inc. (INIT)

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To: WIZARD 01 who wrote (921)	10/7/1999 9:17:00 PM
From: Dave Twibell	Read Replies (3) of 1214

It's nice to see INIT come out swinging with these press releases. I would have been even more disappointed than I already am if they had let their stock hit single digits and done nothing in the way of PR. The problem is that nobody seems to care about these announcements (at least the ones that came across the wires during market hours). I am still long - and am even purchasing more at these levels under the bassackwards investing theory of "if I liked it at 14, I should love it at 10" -- but the trading activity in the stock has me very worried and I am keeping a very tight stop. There is simply too much selling at these levels. I would be much happier if we were sinking slowly on no volume, which would show a lack of buyers rather than institutional selling. The upside is we could be putting in a good bottom given the volume if we can hold in double digits. Otherwise, many of the buyers over the last few days will become sellers and we will go through this same thing again in the high single digits. Lots of overhead resistance though -- hopefully some of it is getting cleared out now. Dave

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