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

To: Randy C. who wrote (186)	7/10/1998 10:44:00 AM
From: UFGator93	Respond to of 1945

Congrats on your AMZN intraday trades. I'm short that one as well. Fortunately, I jumped in late so I'm doing okay. I have some in the high 90's and some in the 130's. Everything I've seen on INKT trend-wise has been negative. Your advice on the small float is appreciated. Damon

To: Randy C. who wrote (186)	7/10/1998 11:04:00 AM
From: John Wu	Read Replies (3) \| Respond to of 1945

I read on this thread a while back that INKT's earnings release is on July 16th. It would be dangerous to be short at that time. I don't see much downside risk to this stock yet because it's a story stock and until that story is shown to be false, it will keep rising. I've also learned to never short a stock based on valuation alone. It has to lose momentum. That hasn't happened to INKT yet and probably won't until the lock-up period expires in about 5 months. If the YHOO earnings release did anything, it kept the internet stock rally alive for another few months. Sure the internet stocks will consolidate and give up a few points, but the trend is still up. It looks like the next phase for INKT is starting. Some people are starting to short. Once short interest builds up a bit, it will only take on small bit of good news to sent this stock over $100. INKT will climb up to new highs over the burnt bodies of dead bears who shorted too early (I've been torched a few times myself as a bear). I'm long this stock again and will begin build a bigger position as INKT consolidates. I could be wrong, but I want to participate when INKT shoots up. Good luck to everyone, but be careful. JW