Marquee used to make blinking text

Found this code on some website, so this is not my own creation. Apparently the "blink" code does not work on Internet Explorer, and someone found a way to create blinking text using a simple marquee.

Testing this marquee the text tends to scroll to the left still but it does blink. This code needs perfecting.

Blinky Text!


The code for the blinking text:

<marquee scrollamount="200" scrolldelay="500" style="height: 20px; width: 200px;color:#ff0000;">Blinky Text!</marquee>