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Technology Stocks : Inktomi (INKT)
INKT 13.90-0.5%10:59 AM EST
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To: John Stockman who wrote (1104)4/19/1999 8:27:00 PM
From: John Stockman  Read Replies (3) of 1945
 
I told you so, but nobody believed me.

These overvalued internet stocks are finally falling to pieces.
Hate to blow my own horn, but I told you so.

Now we will probably have lots of "investors" (really gamblers)
suggest to buy now since the price is lower. We might even see
a jump in the price for awhile, but in the end, things do not look
good. The smart ones already sold their shares, and others are praying that the price goes up and that their margins don't get called. When the stampede starts, all hell breaks loose.

Now be honest with me. Did anyone here buy in the 150's just a few weeks back? Did you also think it was going to continue going up from there? Do you think it is going to go past 100 by the end of the week? Hate to rub it in, but I love making money on the shortcomings of ill advised "investors".

Forever short on this one.
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