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Microcap & Penny Stocks : INNI-I/NET -- Ignore unavailable to you. Want to Upgrade?

To: Trace who wrote (173)	8/11/1998 4:19:00 PM
From: Vegas	Respond to of 1856

I think this stock holds up well, not like a typical penny stock. Last qtr we were at the 52-week low of around .17, stock now trades at .22 (bid) around a 30% increase. Of course it will probably spike much higher then back off, but even after the spike I think a new base will be formed that is higher than the current one. JF

To: Trace who wrote (173)	8/11/1998 4:44:00 PM
From: Yongzhi Yang	Read Replies (1) \| Respond to of 1856

I expect the volume and price rise some after the earning report come out. But without some exciting news (such as Netscape release) that can get people's attention, I don't expect the price to go up much. Since the Netscape release date is now set to September, I think the big move will come in the 4th quarter. On the other hand, I don't expect this stock to be "like a typical pennystock and drop right back from profit taking". First of all, since I don't expect big upward movement when earning come out, there is not much profit to take. Secondly, I think most INNI shareholders are in it for long term, the price didn't drop too badly even when people were expecting the 2nd quarter to be a slow quarter (with negative earning). There is no reason for it to drop further. At the end of the year, when everyone take another look at this stock and sees 4 quarters of consecutive positive earnings, plus new products like Netscape, Career/Net, etc. which may significantly increase the revenue next year, that's when we are going to see sustained price increase. yongzhi