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Microcap & Penny Stocks : INNI-I/NET

INNI 0.0120

-27.7%

Jan 21 11:56 AM EST

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To: Loren S. who wrote (139)	6/27/1998 11:01:00 AM
From: Yongzhi Yang	Read Replies (1) of 1856

>I'm kicking myself for not selling the INNI. For INNI faithful, >give me some reasons to feel better tonight as well as to hold >tight when a decision like this comes up next time. A friend of mine sold INNI when it went up to 0.33-0.34. At that time I knew that it's very likely the stock was going to pull back to 0.25-0.26 since "the end of July" was a long time to wait for. But I didn't sell. However I don't feel like kicking myself today since the decision I made was a logical one based on the information I had at that time: 1) Netscape server would be released by the end of July which would have significant impact on revenue and stock price; (Well if that was the only news I was waiting for, I would probably have sold part of my shares at 0.33 and bought a lot more shares back at 0.26 with the profit made. But that's not the case.) 2) Netscape project only involved a small portion of I/NET work force. I/NET was also doing some other projects. Some may have significant impact on the stock price. But the company didn't want to give away information on these projects until they were completed. So I didn't know (and I still don't now) whether they were going to release a news before the "Netscape news". Today I still have the same information and therefore I am still making the same decision to hold tight. I will contact the company next week to try to find out if the Netscape project is on schedule. IBM sent over some people to help speeding up the project so hopefully they will be able to complete it on time. Good luck, yongzhi

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