Inktomi (INKT) Message Board

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Technology Stocks : Inktomi (INKT)

INKT 13.12

-0.8%

Nov 14 2:38 PM EST

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To: UFGator93 who wrote (189)	7/10/1998 3:05:00 PM
From: John Wu	Read Replies (2) of 1945

Damon, You wrote: "It's dangerous holding either way at earnings time, but I'd feel better holding short a ridiculously valued stock than being long." I've been short ridiculously valued stock before and lost. It's difficult to make money short with lots of risk of being squeezed. Sure this stock is volatile and sure it's doubled since it IPO'd ($30 to the public), but it's just getting started. Until the float increases significantly (in 5 more months), there is a floor on how low INKT can go because there are too many buyers and not enough sellers. It may lose a few more points, but I think it's going higher next week ($80?). If I worried about valuation for this momentum stock, I would have missed the move from the 40's to the 80's, a quick double. This stock may eventually crash and burn, but it's too early. JW

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