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Technology Stocks : Inktomi (INKT)
INKT 12.56-1.1%Jan 28 3:59 PM EST

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To: charger who wrote (247)8/6/1998 9:29:00 AM
From: UFGator93  Read Replies (1) of 1945
 
Yeah, I have been following those. I'm short AMZN right now at an average of 108 so I'm barely in the money. I'm not feeling great about that one!

It's not that I think INKT is a junk stock that's going to zoom down. I just don't agree that it's going to be worth ten times its current price in a few years. I believe competition will eventually come in and we still haven't seen INKT translate a good product into earnings. Perhaps that will come in the next couple of quarters as they have announced some good partnerships lately. I don't plan on taking another short position in INKT unless it moves up considerably in the next few days. If you are long, good luck to you, I hope you do well.

Damon
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