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Technology Stocks : Interliant, Inc. (INIT) -- Ignore unavailable to you. Want to Upgrade?

To: Mark The Trader who wrote (583)	8/3/1999 7:21:00 PM
From: Richard B. Haenisch	Read Replies (1) \| Respond to of 1214

Well, well, well! This is certainly ONE MAJOR REALITY CHECK for Internet investors! The only saving grace is, that we all know that HUUUUGE money is sitting on the side line waiting to be invested. The questions is when? I am looking for a nice rebound tomorrow, (just to keep the short sellers honest). I am actually pleasantly surprised how well INIT is holding up, considering. Many IPOs are trading about 10 - 30% below their opening prices, whereas INIT seems to have found a nice base at around $16. (Pssstt, let's not jinx it). In regards to the anticipated upgrades, well, personally, I am glad Merrill is waiting with theirs til the waters are a little calmer. I was surprised to see yesterdays webhosting IPO DIGX (?) reached a 1 Billion marketcap on its first day of trading, with less revenue and about the same amount of losses than INIT. Bodes well for Interliant! IMHO Rico