To: Theo who wrote (183 ) 4/14/1998 5:48:00 PM From: Theo Read Replies (1) | Respond to of 10343
To All: I think it's pretty obvious what has transpired. Since late last week, INFE has been getting exposure. On its merits? NO. What I kept reading about (on other threads) was "pending news". That leads me to believe that the majority of the market "action" since then was based on daytraders/ momentum-players trying for a homerun based on a single news release. When they discovered that todays release was not the release they were hoping for, they bailed. Pure and simple. Sure the spread is a killer- MM's stopped the buying, no inventory and are now fishing hard for shares. Not unusual from what I've read about small float situations. Granted though, it's robbery just the same- "A rose by any other name..." Everybody here needs to ask themselves why are you in INFE? If you believe in the potential and direction, then it sounds as if the company is on track. If, however, you are playing the news/hype angle, then it may be a very rocky road as there are supposed to be numerous press releases from now and into May. Trying to bet on the "one" that contains the "numbers" will be a crap shoot.<G> I'll say it again. I'm long so this day to day stuff means nothing to me. I like the future and I think INFE is positioned very well IMHO. Even my local newspapers have carried articles about the very market niche INFE is in: ALL- An interesting article in the Detroit Free Press: by Johanna Bennett Friday 3/13/98 "NEED A JOB? WANT A NEW WORKDER? CLICK HERE- INTERNET EMPLOYMENT SITES ARE BOOMING A rising number of employees and employers are using the Internet to find and fill jobs, using everything from Internet discussion groups to corporate Web sites. While the medium remains largely underused, industry experts say they expect its popularity to skyrocket over the next decade as the Web becomes a larger part of daily life. In a recent survey by Management Recruiters International Inc. of Cleveland, 38% of corporate executives said they use the Internet for recruiting or posting job opportunities. Corporate investment in Internet recruiting is expected to increase to more that $480 million in 2002 from $48 million last year, according to Forrester Research. IBM Corp, for example, hires 3000 college grads every year. Its site (Club Cyberblue) has tallied 5 million hits since 1996.....The Internet is cheaper and faster than traditional job-recruiting methods.....It cuts down on paper work and.....email gets hot job prospects in front of HR directors faster..." Interesting article in the Grand Rapids Press business section. Written by Joyce Lain Kennedy. "...because recruiters have no time to slog through hundreds of resumes to find a winner, for a time they stopped window shopping at proprietary banks. Now the junk resume problem has been minimized by companies that import resumes into their internal resume tracking system. This means that no one reads the resumes as they arrive but only when a keyword-based search-and-retrieval action flags resumes appropriate to a position...Looking around, I found that Newsweek reports that "1 in 4 companies today recruits via the Web- a figure expected to double by the year 2000. In its March issue, Fortune describes the Net as a far more powerful job-search tool than it was just months ago. Now you can't ignore it... 1) Management Recruiters International of Cleveland says 37% of more than 4,000 responding executives report their companies search the Net, up from 26% just 18 months ago. 2) Net Temps, a temp help firm, has more than 1,000 clients, a 400% increase from the previous year. 3) Deja News, a search engine for newsgroups, shows more than 2.4 million job postings for February, and projects a volume of nearly 30 million job postings this year, another 400% increase in volume from the previous year. 4) Lee Hecht Harrison, a large international career services firm, surveyed companies to report that 86% listed positions electronically compared to 30% two years ago. ...Fortune got it right: You can't ignore the Net." Yep I think INFE has the potential to go places. As long as they progress and build I'm sticking with them. BTW, notice in the Detroit article where it mentions IBM- "IBM Corp, for example, hires 3000 college grads every year. Its site (Club Cyberblue) has tallied 5 million hits since 1996...." Rumor has it that INFE has a deal pending with IBM...;-) This company is a perfect example of the type of stock that fits the "Kid's" (Stockid) expression- "Go long or go home!" Sage advice IMHO.;-) Theo