InfoSpace (INSP): Where GNET went! Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : InfoSpace (INSP): Where GNET went!

INSP 81.31

+2.4%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jon zachary who wrote (5315)	5/9/1999 12:37:00 AM
From: Hawkmoon	of 28311

Jon, Who cares if Bill is shorting this stock. That's his business and his risk, just as if you or I had decided to short the stock at $190/share. Folks should realize that, due to the high margin requirements on GNET and other internet stocks, that a short-seller basically has to either own the stock (short against the box) or put up 80% cash to meet the requirements. That means that the reason this stock is where its at is because enough people are investing with their cash accounts to buy this stock. So if someone is short against GNET, I wish them luck and they deserve whatever reward they can muster given the risk they are taking. The folks you have to worry about are the Mmkrs who maintain inordinately WIDE spreads and keep the stock volatile enough so that they can short the stock and make a profit shaking people out. As for internet company valuations, I completely agree that this is where the economy is heading. Otherwise, I wouldn't be crazy enough to risk capital investing in select companies in the sector. But I also know that American investors are a fickle lot. They can fall in love with a sector, but the minute something spooks them, they'll be heading for the exits enmasse. It is said that no one can predict what the US investor will do. However, you CAN predict they will all do it at the same time. <VBG> Regards, Ron

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next