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Technology Stocks : Interliant, Inc. (INIT)

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To: $Mogul who wrote (927)10/11/1999 11:37:00 AM
From: AlienTech  Read Replies (1) of 1214
 
By: interestedNOW
Reply To: None Monday, 11 Oct 1999 at 11:24 AM EDT
Post # of 7261


My weekend started off bad
with INIT tumbling to 9-1/2. So, I called my friend at ML to find out what was going on. He's not sure, but was told by his analyst to hold on to INIT. He said this stock will pick itself back up. Especially with options starting soon at CBOT and earnings release in a few weeks, there is no reason to sell this stock. He also said this might actually be a good sign, because all the weak hands are out. He told me no one at ML is selling INIT, and some are actually accumulating.
I hope this helps those who are in for long. It certainly helped me to stay calm. Right now, all I am trying to do is remember why I bought this stock in the first place; good fundamentals, fantastic market, great partners, etc... The last time I checked, none of those changed.
Good luck to all INIT longs.

(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)

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