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

To: ayahuasca who wrote (862)	2/17/1999 3:31:00 PM
From: PAR	Respond to of 1945

I just know I bought too friggen early ... darn!

To: ayahuasca who wrote (862)	2/17/1999 7:54:00 PM
From: Monty C	Read Replies (1) \| Respond to of 1945

I will tell ya what happened......I bought friday at 70..since then--------------negative.....im crying!

To: ayahuasca who wrote (862)	2/18/1999 12:49:00 AM
From: Mark[ox5]	Read Replies (1) \| Respond to of 1945

<<<why INKT seems to be losing more than the avg inet during this correction. I just dont get it. Let me preface this by saying I think INKT has the potential to be, based on its business, one of the top 5 "BUSINESSES" in the internet sector over the next 1-3 years...(sO Im bullish on the business side) But I think what people here have to realize is this... internet stocks, for the most part, trade on float... most internet stocks are not owned by insitutions ... aside from the top 5 or so stocks (AOL et al) Now, I compare INKT right now a lot to CMGI... not in business but in terms of stocks. INKT used to be a high flier... a small float stock that experienced stock growth that you see nowadays in BCST or CNET. Why? Because you had the traders in it... traders who love a good story and a low float... and search for those stocks. However, with the lock up ending and then the double whammy of a stock split, the float has increased many many times over in the past 3 months. So you now you have a stock with the float # similar to a stock like CMGI but not the name value. CMGI, believe it or not, sat on it's a$$ for many months in early 98 not doing a thing.... too big a float and not recognized for its "business". But now, in the past 3 months or so institutions have realized this is a "safe" internet stock.. almost a portfolio or index of little internet companies, so they have taken up some of the float... and the stock reacted. So how does that relate to INKT? Well INKT is no longer in the realm of the Broadcast.com or CNET or EXDS or any of the low float high flying stocks anymore... so it has to move on to the next step and that is institutional acceptance... they basically need to sop up some of the float so INKT can "move" like an internet stock. Now, if you notice, all the observations are about the stock, not the business. AMZN might not be the best run business but it was a great run STOCK.. there is a difference... their CEO has a wall street background and played it smart by keeping a lid on float, but even now in the past 2 months the stock has suffered... it has one too many splits and now is not seen by the momentum daytraders (who let's be serious ... move 90% of these internet stocks) as a good way to play ... because the float has risen to too large a value. So INKT is now in that boat... good business or not. The announcement coming up about the ecommerce should really boost the stock, and their caching is a great cornerstone business... I really like what they are doing... however, at a $3 Billion Market cap its going to be hard for many instituitions to be able to accept buying it, so it could struggle for a while.. maybe it needs to prove itself to wall street ala CMGI. CMGI really took off after 1 quarter in which it had its blowout earnings... then it caught the eye of institutions who decided it needed a 2nd look. Anyways, sorry for the length of the post... but believe it or not, most of these internet stocks trade on emotion and psychology... no matter how good the underlying business is... so its best to not only look at the business but also the stock itself (float, splits, lockups) and analyze both sides of the coins. All my opinions only, Mark