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Microcap & Penny Stocks : INNI-I/NET
INNI 0.0500+25.0%12:39 PM EST

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To: Trace who wrote (173)8/11/1998 4:44:00 PM
From: Yongzhi Yang  Read Replies (1) of 1856
 
I expect the volume and price rise some after the earning report come out. But without some exciting news (such as Netscape release) that can get people's attention, I don't expect the price to go up much. Since the Netscape release date is now set to September, I think the big move will come in the 4th quarter.

On the other hand, I don't expect this stock to be "like a typical pennystock and drop right back from profit taking". First of all, since I don't expect big upward movement when earning come out, there is not much profit to take. Secondly, I think most INNI shareholders are in it for long term, the price didn't drop too badly even when people were expecting the 2nd quarter to be a slow quarter (with negative earning). There is no reason for it to drop further.

At the end of the year, when everyone take another look at this stock and sees 4 quarters of consecutive positive earnings, plus new products like Netscape, Career/Net, etc. which may significantly increase the revenue next year, that's when we are going to see sustained price increase.

yongzhi
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