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

To: UFGator93 who wrote (257)8/7/1998 4:11:00 PM
From: Winston Kim  Respond to of 1945
 
You are one brave soul. Shorting an internet stock with low float in a hot sector. If internet stock catch on fire again. This stock can easily go to 80-100. If it can jump 25 pts in one day, I would crap in my pants if I were short.



To: UFGator93 who wrote (257)8/8/1998 10:06:00 PM
From: Randy C.  Read Replies (2) | Respond to of 1945
 
An 11 point move on big volume is not a dead cat bounce, IMO. look at the daily chart on INKT & notice the volume we had on Friday. The most since we were over 70 a month ago. The decline over the last month was on low volume.

The technicals appear to be improving for the internet sector. If the sector can rally from current levels, INKT could be a major beneficiary. Given, its hard to justify higher valuations, but what's new?


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