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

To: LLCoolG who wrote (1175)	4/19/1999 11:54:00 PM
From: John Stockman	Respond to of 1945

To set a few things straight. No, I'm not arrogant. No, I don't tell fortunes. No, I don't think the market will be down forever. No, I'm not a legend in my own mind. Yes, I have been making money in this market both long and short. While I'm at it, I'll even say "hype" is a overused word, and will use it only when everyone is saying "buy it now or you'll be sorry". I made money on my shorts today, and lost money on my CSCO. I'm glad some people bought even lower on INKT and are still above their break-even. But I hate people who say a stock is worth more than it is. All of these internet stocks, including INKT, are still very overpriced. PERIOD. I don't have to prove it, the numbers speak for themselves. Nobody should feel sore at me because I'm right about this fact. The future will be bleak when venture capitalists stop ponying up the money to start internet companies that will never make a dime of profit. Just FYI, I did fill part of my short position today, to make some money. Good luck to the rest of you.