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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: purecntry5 who wrote (4975)	6/10/1998 2:38:00 PM
From: RCJIII	Read Replies (1) \| Respond to of 25711

CNGR- company confirms PR will be out today after the bell or Thursday before the open informing investors of their purchase a few months back of 222,222 of Inktomi at $4.50 per share. Inktomi had their IPO today and is now trading at $37. This represents a paper profit of over $7 million on a $1 million dollar investment. The PR should send the stock higher. Earnings were announced a few days ago and were .07 for the quarter on revenue increase of over 1800%. CEO says the company will be "very profitable" this year. This is without the Inktomi bonanza which just came through today. RCJIII

To: purecntry5 who wrote (4975)	6/10/1998 2:47:00 PM
From: Micropicker	Respond to of 25711

Penny Problems. I've been tossing out companies like ERES with good news, unique products and low floats, then promptly watching them, and watching them, and watching them as they do absolutely nothing. Joe's picks like ADCO and IKAR are floundering--yet both are still great values. Even Tokyo Joe tried to get EASY to run today, and failed. Except for a small handful of picks, it's been a tough couple of weeks lately. I'm starting to chew up my profits from the winners by eating spreads and commissions while waiting for the next hot pick to actually turn hot.