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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 83.42-0.1%Nov 19 3:59 PM EST
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To: levy who wrote (13151)10/22/1999 10:47:00 PM
From: truth  Read Replies (1) of 28311
 
I am now feeling ever so good about GNET. There is only 4 days until earnings and the short sellers are continuing to play their games. For those of you that have level II quotes, you will notice that INCA, which is instinet, and island, which is another anonymous ecn are all over the sell side of the stock. I know many of the people that are long GNET since the beginning and don't know one person who is negative on the stock. The only thing I see in the trading of GNET is some shorts who have complete control of the trading range of the stock and are going to have to cover next week. The more the short sellers keep trying to keep a lid on the stock, the more stock they are going to have to buy from the true investors at much higher prices. The only thing I can say is that if I was short I would hate to see GNET blow out earnings estimates on Thursday. The street is looking for .06 if I were a betting man, I would bet that GNET easily beats estimates. IMO I hope they continue to short into the numbers on Thursday because the more they short and don't believe in GNET the more stock they will have to purchase from me and you at much higher prices. I will continue to load up a major position in GNET next week, knowing that these weak short sellers will be buying from me shortly. At this point, now that all real sellers are done (all acquisitions) believe me, the only selling at these levels is shorts trying to get at investors like you and me and their time is getting short, no pun intended. If you are short and reading this thread, I have 25,000 shares to sell at a minimum price of 90.
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