SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : INPR - Inprise to Borland (BORL)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: munsters who wrote (2056)1/28/1999 6:55:00 PM
From: Jerry Whlan  Read Replies (1) of 5102
 
Head-fake

This kind of false-start in the morning is pretty common with internet stocks. I've seen it happen regularly with Inktomi (INKT) on minimal news. Basically what happened for INPR is that a bunch of people (well enough to buy about 100-200K shares) read the headline of the press-release, saw the extravagant earnings, didn't bother to do their research, and put in market buy orders. The MM's seeing the market orders pushed the price up until the market orders were all filled at the high price and then let it drop.

Moral of the story? Don't do market orders, don't do any orders without doing your research. Or, watch for similar sucker plays on other issues and see if you can take advantage of the market-order-suckers yourself.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News