InfoSpace (INSP): Where GNET went! Message Board

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

INSP 68.20

+2.8%

Feb 10 3:59 PM EST

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To: Sarkie who wrote (19242)	5/19/2000 10:59:00 AM
From: tahoe_bound	Read Replies (1) of 28311

Suppose this could be construed as positive.... For GNET. The last 3 days the nasdaq has gone down 275 points or so, while GNET is as of this writing still higher than Mondays close. So, a little bit of relative strength there for a change. The NDX is now in the process of hitting the 200 day average for the 4th time. The more it hits it the weaker that support becomes. The Fed is really hitting home, highest funds rate since 1991, when valuations for the indexes were not as high as now. Could still get even uglier all around. It will probably take a foreign crisis like the euro getting totally crushed or another Asian flu before they back off. When the peso fell apart in 1994 that prompted the Fed to pause.

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