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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 92.39-4.6%Jan 13 3:59 PM EST
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To: jon zachary who wrote (15731)1/10/2000 5:14:00 PM
From: Ron H  Read Replies (1) of 28311
 
Jon,

I appreciate your frustration. I also do not like my money to be stagnant, however, I have come to realize that this stock does not always follow the trend. If you have been long GNET since it went public you realize that the company is quite until there is significant events and then it jumps on that news. I know this company pretty well and know that the people working there are doing 10-15 hr days routinely and that they are hiring people left and right. I also know that Russ is not the kind of person to spend that amount of money for something that he didn't see a large return.

I have two different accounts. One I look for short term return and will kick out companies that do not give me those short term returns. I do not have GNET in that account. My other is one in which I am willing to hold a company longer term looking for a good return in 3-10 years. I have GNET there. I have been long this company since it went public and have traded in and out of it. I have come to realize that when you least expect it (or when the ney sayers (and I've been one...check my past posts)get the loudest) that is when this company anounces some sort of positive (and real) happening that send the stock to the moon. Look what happened to GNET last January (between the 1st and the 31st).

Hope that helps put things in perspective.
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