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

To: Craig A who wrote (1067)	4/10/1999 11:21:00 AM
From: Ron Kline	Read Replies (1) \| Respond to of 1945

My thoughts on some of what has been said is yes holding through the ups and down can really pay off and using timing to jump in and out will probably hinder performance. Why because if you always buy on the breakouts and sell into strength you will miss the difference between when you think is the top and what that high actually is. Second it's not guaranteed you will buy it back during a breakout. You may not have cash and bought something else, or you might not believe it's for real. The first stocks to breakout after a correction are tough because you haven't seen a solid reversal of the market. Or if you do buy back you buy less than you owned before (this is very common). All of this translates to under-performing the buy and hold approach. But I still believe that buying at the right time is important because you want to start out on the right footing, and not lose your original cost, even if it may only take some months to come back. Why? Because how can you feel up to longterm holding when you start out underwater. The initial purchase I think should be started with technicals in mind. INKT was an obvious buy this last week. Once you are nicely in the money then the hold strategy works really well. Another thing one can do is sell enough shares to get your original cost out and then ride the rest through ups and downs. Lets face it half of investing is psychological and if you know your cost is $0 (doing as above) the less chance some stupid downgrade or market correction will cause you to panic from your original idea that you think INKT is going to do well over time (not 2mo but 2 years or longer). Lastly the people who predict doom and gloom are the real losers from this because they insist that they are not going to play the market winners until they see some sort or crash in them or the market. The better way to look at is "what is the stock or market doing now". Do you think I believed INKT was going to be the next stock to do what it has done? Hell no!! and I think most were surprised how quickly it started to kick butt. The market says the story and it's those who listen and capitalize on it that are the smart investors. Just some thoughts, Ron

To: Craig A who wrote (1067)	4/10/1999 11:34:00 AM
From: Slick	Read Replies (1) \| Respond to of 1945

Hi! I'm new to this thread. Pleased to make your acquaintance. But happy to say not new to INKT. I first got in and out 2 months after the IPO (made money). One time I made the foolish mistake of shorting INKT (about a year ago). :-) Silly me! Overall I've always been in awe of this company's potential: what I like to call "the brain-power" of the internet portals and "the glue" of the internet. So I got back in on Wednesday with some serious cash. Boy did that one pay off! I am spending my weekend celebrating my good fortune and indulging in some sheer gloating (sound familiar to you? Yeah I mean you, fellow gloatsmen and women :-)) !!! So the big question: where to from here? I see it 2 ways: 1) Since I've only been in for 2+1/2 trading sessions I could call myself a "short-term trader". In that case a runup like this will almost certainly summon a pullback as big-cap investors take some chips off the table. So the strategy would be to try to time this one: take profit and get back in when technicals seem right or a 10-point drop whichever comes first. This is the strategy I like the least. 2)Alternatively, even up here in the rarefied air of the ionosphere I can see the potential for a top followed by trending followed by either a double-top or a new breakout. Here I would be taking the "long-range" point of view. Based on recent news and my assessment of the fundamentals I favor this approach. It comes down to one point: INKT is so fundamental to the internet that growth is inevitable. And timing, my friends, is notorious for getting us into trouble. My biggest fear is not being in during pullbacks but rather missing the breakouts. Here I invoke technical analysis: market timing will work poorly for internet stocks. Even James Cramer over at TheStreet.com was crying over having sold INKT (see story on Wednesday, 4/7). He's not crying now, he is weeping! The new e-commerce deal boosts INKT's street-cred. I think it is a good idea. Particularly the "price-comparison" features of the search engine. To me this says something else: there are endless incarnations and permutations of the internet search engine many of which haven't even been thought of. And INKT seems to have a lock on "brand-name" recognition in this area and certainly dominates technologically. Most promising of all, I think, is the fact that INKT products ot only interface with the public but are now taking a business-to-business twist. I would really love to hear any comments, criticisms, insights, libels (not too). Be happy to share.