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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: LastShadow who wrote (25812)	11/27/1999 2:23:00 PM
From: AlienTech	Respond to of 43080

THE ST.COM ARTICLE ANSWERS THE RIDDLE by: harrisonsenior (47/M/rector street) 11/27/1999 10:58 am EST Msg: 20688 of 20693 I have heard this for a long time now and I believe it. If ever I have a stock that is getting hit based on rumors of accounting irregularities, weak sector forecast, or internal lack of management execution or direction I dump immediately. However, none of these were relevant to INIT during it's decline. As a matter of fact the opposite was true. We all wondered why Blodgett and MLCO issued a target lower than the stock free traded especially for this explosive sector. The street.com article seems to spell out what we already knew. The reason that I shorted this at $15 and $16 was simply because of the politics. Please do not ever underestimate the power of a good house o ruin a stock primarily in the short run. I am not accusing MLCO of any wrongdoing whatsoever. None the less in my opinion INIT's upcoming monumental rise (again strictly my own opinion of what is to come) will make MLCO appear severly inept in the eyes of many. I put faith into CE Unterberg Tobin's actions and "strong buy" more than any of you will know. What happens next. My opinion: Tutes and pros will (and have been) buy it all under $30. They will then "refuse" to sell and INIT could see an EXDS's type walk up-explosion. Remember always do your own DD and research and believe nobody on these boards, myself included. Good luck to all, and I have no intention of selling until triple digits. I am not joking about this. When I was a pound the table short at $16 I pleaded with you all to follow because I felt confident it would go to single digits. I am now many more times confident that in 1 year INIT is triple digits (with a potential split factored). techstocks.com