InfoSpace (INSP): Where GNET went! Message Board

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

INSP 65.56

-4.0%

Feb 5 3:59 PM EST

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To: Susan G who wrote (11684)	8/31/1999 10:10:00 AM
From: Hawkmoon	Read Replies (1) of 28311

Well, it looks like the Bollinger Bands have not lied. Indeed, all "h*ll" did break loose after they contracted. Message 11075733 But I was wrong in percieving an upside bias. The volume just didn't confirm it. So here we are bouncing off the lower arm of the bollinger band envelope, and we need some volume in order to provide the stock a reversal sign on the hourly chart. The daily chart looks a little nastier, but again, some stong volume and interest in the shares could alleviate some of the downside pressure. However, it is not inconceivable that previous lows might be approached should the overall market continue to get hammered. Maybe Paul Allen should get on the horn with Alan Greenspan and talk shop..., or at least offer him a free vacation on his yacht in exchange for clamming up about asset price inflation....;0) I also have another theory that the shares could be under a short attack, but I will leave that theory for others to amplify upon. Regards, Ron

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