SI
SI
discoversearch

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 : INSS - International Network Services -- Ignore unavailable to you. Want to Upgrade?


To: Glenn D. Rudolph who wrote (251)12/16/1997 7:16:00 PM
From: Trader Dave  Read Replies (1) | Respond to of 446
 
The stock will have to break $19 1/2 to do that. usually an upgrade by a bank with a big retail following will have a pull back a few days later. I wouldn't be surprised to see it pull back a little first.

TD



To: Glenn D. Rudolph who wrote (251)12/16/1997 9:26:00 PM
From: joemjo  Read Replies (1) | Respond to of 446
 
Glenn,

It did take 5 months to get to fifteen after topping out at 29 in July. But if what takes 5 months to come down is fine with me to retrace that in 5 days:-)
I have seen other analyst reports hardly budge this stock so there is probably a combination of factors and with this being the catalyst to help it along. I am hoping that tax loss selling is over, management guided analyst recently and Lehman was the first to act, fearful selling is over, fundamentals are intact, and momemtum traders are entering. I do not feel like retesting the recent lows (15 1/4) to see if there really are buyers there. If this stock was worth 16 when they IPO'd then the upper twenties are easily obtainable. I wonder what measurement was used for IPO? It seems as if the market has reconsidered its valuations since then, after all this thing hit 50. Looking at price history you realized that this stock has not spent much time below 20.

Todd