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Technology Stocks : Inktomi (INKT) -- Ignore unavailable to you. Want to Upgrade?

To: samson who wrote (1758)	7/29/2000 5:57:33 PM
From: Stan V.	Read Replies (1) \| Respond to of 1945

Samson, This is an almost entirely subjective decision which only you can make but since I too am caught long with August calls (110 and 120) I'll tell you what I am thinking. Inktomi has reported its outlook for the rest of the year and it is still in growth mode. It may not be comforting to know that they lost the Yahoo consumer search business but they have devoted their resources to higher margin areas that will pay off. Their price has been very volatile and the range is wide which is fantastic for options in the short term. I have been hearing interesting things about servers and AOL in relation to Inktomi which bode well for the near term. The down side is that once you are out of the money you only have time value and volatility to count on and that erodes daily. If you can find an options calculator program through your broker you can estimate how fast. I intend to wait out at least another week and fully expect a turnaround in that time period. Of course, if I am wrong, I can afford to lose what I have put in. If I was disciplined, I would have set a limit to my downside and gotten out of my position as soon as that was reached, then roll to the next strike and maybe expiration. As I keep telling myself, Good Luck!