Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Inference Corporation--Growing 100% and still inexpensive -- Ignore unavailable to you. Want to Upgrade?

To: Adam Smith who wrote (1237)	5/3/2000 10:43:00 AM
From: appro	Read Replies (1) \| Respond to of 1246

Adam, Thanks for the kind words. Actually the INFR price seems to reflect the uncertainty of the deal imploding and INFR suddenly becoming a $3 stock versus the near certain rise to the neighborhood of $9.05 if the deal is consummated and EGAN's price stabilizes (big if). Even at the end we will see a discount reflecting the expectation of EGAN volatility and fears of a big sell-off. The float may increase 50% but I think the fear is overdone and many who would want their cash right away have already cashed-in their chips. As for the professional arbs, I think they are elsewhere. I suspect the low liquidity and the "dot-com" uncertainties make this too much like shooting craps. The people who will clean-up up are those who already have an inside view of the outcome. Someone has the confidence to step up and start buying every INFR share available when INFR get too low. I also see lots of insiders at EGAN taking some money off the table, but the INFR insiders are standing pat. When EGAN was dropping 50% every two weeks, INFR was depressed but still showing a healthy premium reflecting the low odds of sustaining such declines. If things begin to heat up in the opposite direction (it could happen) we will see a big inflection point as INFR suddenly rises but then just as quickly hits a ceiling with some discount as well. This one has been interesting to watch for the reflection of market psychology as CNBC was reveling in bursting the "dot-com" bubble and declaring, "we are certainly in a bear market now" to speculating a week later that some of this was overdone. I expect this ebb and flow to continue. Regards, appro