InfoSpace (INSP): Where GNET went! Message Board

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

INSP 124.41

-2.3%

Nov 28 9:30 AM EST

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To: Puna who wrote (6809)	6/6/1999 12:08:00 AM
From: option007	Read Replies (2) of 28311

Bail out of Gnet as it will break $90 this week.. The idea of averaging down is good but, you have to be careful is it goes down too much with no hope of return. The signs on Gnet point to further selling ahead: - Nasdaq up 75 points and Gnet up only 3 points. - Gnet is suppose to be cheap at $100 and no one is buying. - Paul Allen only wants to pay $90 per share. - Paul Allen did not make higher offer for shares????? - management eager to sell at $90. - Russell says that Paul Allen is smart investor to offer $90. - gnet has lost more than 50% value. - management not fighting for higher price on Gnet even when $199???/ - Gnet made more additions since march and Allan still paying $90. - big competition in this field from AT@T and AOL. - big fund managers say to avoid internets. - too many IPO's coming soon. - bullish analyst Mary Meeker says internets to fall 20% more. - interest rates to be raised soon. All this says be prudent and sell you positions. Don't average down anymore as stock will plunge when it breaks $90. Just my views.

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