PAR,
I'd say right here. I increased my initially small position in this stock this morning by a factor of 7. While it may dip a small amount after the lockup ends, there are a few points I like:
1. Do you really think they would have priced the secondary at 140 that soon before the end of the lockup? Cynics would say yes, that the greedy insiders took their profits. But if the company will exist for a while, which it should, this tells me that the stock should not go much lower than 110 or so.
2. Small float, even after the secondary. They will have to do a split soon. This is usually a good sign for the stock price, although irrelevant to fundamental analysis.
3. INKT seems to have a good system of directing traffic to slected e-commerce sites, with excellent consumer-data capture through this engine. From what I understand, they can provide unparalled detailed data to e-commerce partners concerning the traffic they funnel.
4. The hit rate on HotBot is increasing very quickly.
Unless INKT is ready to die, which is a possibility, this should be a good entry point. Do you really think it will be below 110 or out of business by next Christmas? I don't.
Regards,
G |
