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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 127.35-2.3%3:59 PM EST

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To: levy who wrote (14953)12/15/1999 10:02:00 PM
From: Dr. Zax  Read Replies (2) of 28311
 
Hey folks, some pseudo TA

Almost every time GNET goes up more than 10% it has pulled back almost all of it the next day. we did this yesterday. I don't think the drop back will be as large this time. I expect we will need to still fill some gap in the mid and upper 90s. Tomorrow will probably see some of the 94-98 range, we should close above 100. after dipping into the 90s again for a short while on Friday I see another large gap up to 120 looming on the 1-2 week horizon. We should then back and fill this through January.

If you insist on playing this stock, may I suggest writing January calls at about the 120 level when the stock is in that range at the beginning of January. Otherwise, just buy and hold, and hold, and hold. We are still way undervalued. My blind shot in the dark stab at next year's closing price would be about 235... hehe... a modest 140% also expect a split around the end of Feb, and possibly at the end of next year. All barring a catastrophic market collapse.

Dr.Zax
#10
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