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Technology Stocks : Inktomi (INKT)
INKT 11.14+1.0%Nov 25 3:59 PM EST
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To: Francis Gaskins who wrote (50)6/10/1998 12:09:00 AM
From: OtherChap  Read Replies (1) of 1945
 
Once again, too bad I can't short this stock. One of those built in rules that allows IPOs to skyrocket irrationally. I expect it will probably open at 28 or 30, then fall to 25 by the end of the day. One thing is for sure, nobody at ALL except insiders will make a dime on this stock tomorrrow. You can bet the farm that the first trade will be the highest trade of the day, as hundreds of suckers tell their brokers to "buy at the market" tomorrow morning. Just like Entremed, remember? 12, opened at 80 down to 60 two minutes later, then closed the week off at 30.

Eventually the house of cards will collapse. Eventually, people will realize that the only real profit potential any internet company has is enriching its insiders through IPOs, not actual revenue profit.

And no, amazon has never turned a profit. (myth #1 of internet commerce)

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