Inktomi (INKT) Message Board

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Technology Stocks : Inktomi (INKT)

INKT 11.95

+0.4%

Dec 26 9:30 AM EST

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To: Jack Hartmann who wrote (1887)	3/12/2001 5:44:04 PM
From: chic_hearne	Read Replies (1) of 1945

Jack, Oh the humanity of it all. Inktomi, errr, Sinktomi is now trading below book value. I was a bit early on my first buy at $13-14 but thank god I sold calls, which are expiring worthless and dropped me down to low $9's. Looks like I'll get to sell a ton more Friday unless a miracle strikes and we go to 12.5. Even though this is still probably way to early to be going long in a bear market, I think I'm buying more soon. I'm looking at the '02 and '03 leaps for writes. It's crazy, I can buy 10K shares and write the '03 $7.5 strike for about $30K. At one point 10K shares were worth what, $2,500,000!!! chic

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