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


To: Craig A who wrote (1163)4/18/1999 5:08:00 PM
From: LLCoolG  Read Replies (1) | Respond to of 1945
 
Craig,

We heard the same stuff in October when INKT was at $35, in December when it was $55, and again in January when it fell off to $55 again after Harmon's propaganda.

For all the people who have shorted Net stocks the past 8 months, there must be 9 losers for every winner.

And when INKT makes another run, the shorts will disappear, and new ones, who think they are smarter than anyone else, will boldly predict the bubble bursting.

Yes, many Net stocks will eventually fall. If shorts want to wait 3-5 years for a decline worthy of shorting versus being long at this point, they may be correct.

IMO, anyone shorting any internet stock that is considered "top tier" is foolish or simply grandstading. And with the basis being "manipulation" by the street doesn't warrant a response or sentiment. The Street rules the market. That's like saying I'm not going to put gas in my car because the oil companies controlthe price of gasoline.

g