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


To: MR. PANAMA (I am a PLAYER) who wrote (739)1/25/1999 12:51:00 AM
From: LLCoolG  Respond to of 1945
 
Question for all fellow INKT folks:

Split happens this week. Do you think that the volatility will now increase? I have been reluctant to try and trade this since I got in at 79 and 111, because when you expect this to run, it doesn't, and when you expect it to correct, like Friday, it doesn't.

I would think that if it drops to the 130 range again, it will hit 65, allowing grandma and grandpa to be able to buy enough shares to day trade this much more effectively. While I hope there is no correction, and the stock runs back to 85 post split, what do you all think about that? Most folks like cheaper stocks because the profits can increase in a more dramatic fashion, but I have enjoyed the trading patterns of the $125+ stocks like INKT and AOL.

Later.
G