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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 (16386)1/21/2000 9:58:00 PM
From: truth  Read Replies (4) of 28311
 
As I have mentioned in the past and am mentioning now I sit behind a trading screen all day and watch this stock trade. I am telling everybody what is happening with the stock. There is one large hedge fund that controls the entire movement of this stock. They know that there is no wall street support and they know that this stock only moves on events. Also the fact that they have made millions on these large swings. This stock will never get out of this funk and trade like an INSP, DCLK, NSOL, CMGI, YHOO, despite the fact that their business model is the most successful out of all of them. With no investment banking business to gain from GNET, major wall street firms will not risk making a call in GNET. Because as in anything risk/reward means something and why risk recommending a stock if you are never going to make a dime from them. As far as Merrill being a large buyer they were, but they could have been buying for this fund to cover some of their short position and to make it look like their was some real buying. Who knows. I sold my entire position and will buy it back if needed, but as for right now I will wait for two days before the next incredible earnings announcement and then sell it when it is gapped up 10 pts. and then buy it back 3 months later. Any response
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