InfoSpace (INSP): Where GNET went! Message Board

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

INSP 86.37

-0.5%

Nov 14 9:30 AM EST

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To: Robert Rose who wrote (12587)	10/4/1999 7:51:00 PM
From: Sleeper	Read Replies (1) of 28311

Well, I've got a feeling the market is telling us something. The message is this: The stock price is ahead of the value. This happens with high growth companies. GNET's P/E is still astronomic, and while the future is very bright, I think such things as PA/VV's formation of the BB network is already factored into the price. So who is selling? The mutual funds that have to outperform each other or lose market share. When you lag behind the top 5 performers on Morningstar's report, you lose market share. It will take a while for GNET's value to catch up with it's stock price, so Mo-Mo players have moved on- For a while. Those investors with a 3-5 year time frame can sleep well at night. Traders are at risk here, because when the market perceives the stock price to equal or be less than the value, this stock will take off. JMHO. Comments welcome. Sleeper

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