Joe Copia's daytrades/investments and thoughts Message Board

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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: purecntry5 who wrote (4975)	6/10/1998 2:38:00 PM
From: RCJIII	Read Replies (1) of 25711

CNGR- company confirms PR will be out today after the bell or Thursday before the open informing investors of their purchase a few months back of 222,222 of Inktomi at $4.50 per share. Inktomi had their IPO today and is now trading at $37. This represents a paper profit of over $7 million on a $1 million dollar investment. The PR should send the stock higher. Earnings were announced a few days ago and were .07 for the quarter on revenue increase of over 1800%. CEO says the company will be "very profitable" this year. This is without the Inktomi bonanza which just came through today. RCJIII

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