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Technology Stocks : Internap Network Services Corporation

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To: Jibacoa who wrote (949)	1/11/2008 10:56:19 AM
From: Jibacoa	of 1011

Well,on an apparent change of mood, INAP is up for second day on a roll in spite of the general market, which is back to its negative trend after the increase in the trade deficit. The stock is up 8.21% after it opened with an UG bigcharts.marketwatch.com (I still remember in the late 50s, when Ike was president, that there was concern about an annual deficit around 16 or 18 Bs & now with deficits of > 60B/month we are approaching the one trillion annual deficit level.<g>) It is true that the GNP has increased in 50 Yrs., but with the Royalty Trusts that some foreign governments now have holding some trillions of green backs, it seems they have they have the capacity to put pressure on the U.S. markets any way they want. At any rate,after INAP announced yesterday that it had expanded its CDN to Hong Kong and Tokyo adding two new CDN PoPs & today's "upgrade", from Wachovia, from MktPerf to OutPerf, it seems that INAP is going to try to close the litle (1 point) DG of Dec26 (it needs to close above $9.28 to do that), but I think that I will wait to see how it handles the resistance from the $10 to the Dec6 H of $10.86 before adding to my present small position. If the stock can close above $10.86 & with some better mood in the general market,it seems that it could get to close the DG of Nov7 above the $16 level.<g> bigcharts.marketwatch.com But don't expect for the stock to get too much above the $20 level this Yr.<g> bigcharts.marketwatch.com Bernard

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