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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 83.42-0.1%3:59 PM EST
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To: Manny who wrote (7760)6/21/1999 10:43:00 AM
From: Greg S.  Read Replies (2) of 28311
 
+ 9 1/4

Let's hope this strength holds. This is the level at which I purchased some additional GNET recently. I only mention this because the 130's were levels at which many investors bought on the way up .. and sold on the way down. It could represent either some major support or some major resistance. Anyone with some TA want to step up to the plate? We've had quite a runup recently, due most likely to the following:

1) Increased sector strength in general, as evidenced by a healthy rebound in the Naz and an increasing number of analysts who think we've "found bottom" with the internets, steady buying pressure on average volume (high volume would be preferred but I'd rather pressure on the buy than the sell)

2) Typical pre-split runup.

The GNET P.R. machine hasn't been pumping out much new stuff lately, so I'm thinking there aren't a whole lot of factors involved in this price action. #1 is a market/industry-wide factor whereas #2 is purely a GNET factor. Eyeballing GNET against the rest of the market's performance I'd say that #2 is a very significant factor. But is there anything recent aside from the split that may contribute to the runup, perhaps from a TA perspective? I'd like to believe that this big gain isn't going to abandon us after the split.

-G
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