Inktomi (INKT) Message Board

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Technology Stocks : Inktomi (INKT)

INKT 10.56

-2.9%

Nov 21 9:30 AM EST

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To: Anaxagoras who wrote (857)	2/17/1999 1:42:00 AM
From: Mark[ox5]	Read Replies (1) of 1945

Right now INKT 200 day moving average is roughly $54... it dropped slightly below the 200 day a few times early last week... but with the overreaction to MSFT news and the lockup now out of the way... the only reasons to see more of a drop would be general market/internet weakness. Any drop below $54 is bad... but a close below it would be a lot worse (vs intraday) If it drops below $50 which would be a psychological barrier as well.. But internets trade a lot more on psychology vs fundamentals so until people have confidence in the market its going to be hard to trade/invest in any unprofitable internet (the profitable ones.. i.e. AOL, CNET held up today) The ones who have profits down the road (no matter how good their business is) tanked... i.e. BCST, INKT If anyone's perspective here is longer than 1 month than, (in my opinion) a buy in the $55-$60 range will pay off very well down the road. The Briefing.com article says it all.... Good luck... not long yet but will be in the future... money all tied up now in the BRCM's and BCST's of the world! Mark

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