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

To: UFGator93 who wrote (185)	7/10/1998 10:09:00 AM
From: Randy C.	Read Replies (2) \| Respond to of 1945

I'm on the sidelines with INKT right now. If I was in a position, it would be long. Seems more downside potential than upside over the near-term to me, so I'm waiting for a better (re)entry price. Good luck with your short. I'd be careful though. The float on this company is really small. These stocks do not always behave rationally. I was short AMZN from 59 to 100 waiting for them to pullback from a huge, IMO unjustified, move. They hit 140 before showing any weakness. IMO, this was facilitated by the small float. I hope INKT does pullback, though. I'd love to get another opportunity to go long on this one around 50. Meanwhile, I'm making some of my earlier AMZN losses back by shorting it intraday. - Randy