Hi!
I'm new to this thread. Pleased to make your acquaintance. But happy to say not new to INKT.
I first got in and out 2 months after the IPO (made money). One time I made the foolish mistake of shorting INKT (about a year ago). :-) Silly me!
Overall I've always been in awe of this company's potential: what I like to call "the brain-power" of the internet portals and "the glue" of the internet.
So I got back in on Wednesday with some serious cash. Boy did that one pay off! I am spending my weekend celebrating my good fortune and indulging in some sheer gloating (sound familiar to you? Yeah I mean you, fellow gloatsmen and women :-)) !!!
So the big question: where to from here?
I see it 2 ways:
1) Since I've only been in for 2+1/2 trading sessions I could call myself a "short-term trader". In that case a runup like this will almost certainly summon a pullback as big-cap investors take some chips off the table. So the strategy would be to try to time this one: take profit and get back in when technicals seem right or a 10-point drop whichever comes first. This is the strategy I like the least.
2)Alternatively, even up here in the rarefied air of the ionosphere I can see the potential for a top followed by trending followed by either a double-top or a new breakout. Here I would be taking the "long-range" point of view. Based on recent news and my assessment of the fundamentals I favor this approach. It comes down to one point: INKT is so fundamental to the internet that growth is inevitable. And timing, my friends, is notorious for getting us into trouble. My biggest fear is not being in during pullbacks but rather missing the breakouts. Here I invoke technical analysis: market timing will work poorly for internet stocks. Even James Cramer over at TheStreet.com was crying over having sold INKT (see story on Wednesday, 4/7). He's not crying now, he is weeping!
The new e-commerce deal boosts INKT's street-cred. I think it is a good idea. Particularly the "price-comparison" features of the search engine. To me this says something else: there are endless incarnations and permutations of the internet search engine many of which haven't even been thought of. And INKT seems to have a lock on "brand-name" recognition in this area and certainly dominates technologically. Most promising of all, I think, is the fact that INKT products ot only interface with the public but are now taking a business-to-business twist.
I would really love to hear any comments, criticisms, insights, libels (not too). Be happy to share. |
