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Technology Stocks : INSS - International Network Services
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To: joemjo who wrote (101)5/12/1997 10:48:00 PM
From: Phillip Biffle   of 446
 
Todd,
The buys at 18 & 18 1/2 look great, but I also own it at 30 to 35. I originally bought this stock because of the chart. As long as it keeps going up I'll be happy. The high PE scares me to death. It's a good company, and has great potential. The recent movement that this stock has had has to be because of institution buying. It can't be because the small invester called their broker and bought another 300 shares. Or it could be that employees have stopped selling their shares. Stocks go up because there are more buyers than sellers. This stock also has very few market makers. With the new nasdaq rules it should make stocks like this more volitile. If we have no sellers this stock can run very quickly. I'll hold on to it until it starts to break down. Hopefully I'll be smart enough to get out or It keeps going up and I get to hold it for a long time. I can only hope that the csco/gte deal possibly brings them some more work. If I see any news I'll let you know.
Phil
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