Also, some GNET comments from Steve Harmon's email newsletter...
"Hi Steve,
I am basically a new investor, I took your opinions in January, and
purchased, DCLK, GNET, CMGI and later CNET ... I have done very well
with these stocks, particularly DCLK - 287% return, and GNET - 325%
return. Now I am wondering, what are your thoughts. I am concerned
about GNET, and what I've read of late.
Do you feel it is wise to hold into the New Year and beyond, or let go
at a profit, and possibly repurchase the end of December when the
market will probably bottom out. I would be forever grateful for you
opinions. I am a huge fan and value your thoughts
=>reply: I cannot tell you what you should or shouldn't so, that's up
to you. My philosophy is to invest in businesses with long-term
potential. Now with Go2Net I liked its aggressive attitude and
management last year and promptly added it to my hotlist for 1999.
Shortly after I was surprised to see Paul Allen invest for one-third
of GNET, reaffirming my beliefs.
I like the fact that Paul invested. But before that and more so I am a
fan of Go2Net because it has assembled its properties into a
meaningful whole. It moved into the top 10 Web networks in the world
as ranked by Media Metrix recently. Just added some more seasoned
management to expand its small business effort and international.
Eventually I have to wonder if Paul Allen won't make Go2Net the front
door to his Wired World, wrapping Charter and other properties into a
true sphere. As for market timing, you suggest December may bottom.
That nobody knows, no more than they know how to predict which color
NBA star Dennis Rodman will dye his hair next. |
