In Feb. Inktomi was 53. In May and June it was
84. Two months later we are 10 points above those
lows. Life is still good and our stock will see better
days ahead. We will need the world of shorts that we
are getting to make the new highs. If you overlay the
short volume on the charts we didn't have enough shorts
to break the old 159 high of April. We will this
And you sir are not even a pale initation.
Socrates valued the truth. His life was a search for the
truth. For you to come on this board suggesting that
FAST has some form of stealth that is a threat to
Inktomi shames your namesake and undermines your own
credibility. I would suggest the name Beelzebub, second in
command to Satan in Pandemonium (Hell).
INKT shareholders may want to look at technical
charts less, and examine fundamentals (potential
competition) more. E.g., you should examine FAST's new search
engine (www.alltheweb.com) and their recently-announced
nascent relationship with DELL. Look at news post 8/4
under INKT by Reuters. This may be a "subversive
technology" that has potential for creating serious value
erosion for INKT.
The "WaterDropTortureSyndrome" is sort of what I
was always thinking when people talked about the
bubble bursting. With that much money in the nets, I
presumed that if it happens, it's "not with a bang but a
I still think there will probably be a rally
attempt. Never can tell when but most of the time, they
don't go down without a fight. That's why I'm hesitant
to enter heavy shorts at the moment. I don't want to
get caught in the wrong place etc. On the other hand,
plenty of times stocks just keep on sliding so that's
not at all out of the question. It's just safer from
my standpoint to short rallies than short a move
that MAY be finishing up.
I do see a long term
trend in the NAZ that has yet to be tested so that's
one positive I see, but not much else.