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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 83.19-0.3%3:59 PM EST
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To: truth who wrote (16387)1/21/2000 10:24:00 PM
From: levy  Read Replies (1) of 28311
 
When you look at your stock screen what do you see exactly......do you see but one big seller????.....what are you saying...the hedge fund can overwhelm price increase with selling because there is not as much volume buying pressure in GNET as compared to other internets because they have not had any major firm give it a buy rec??...the hedge fund knows this and thats why its picking on gnet and not the others??? or is in your opinion a planned attach to punish a company that didn't play by the rules???
I certainly would call myself no more than a lay person in these issues but I find this hard to believe...of the shares sold today what % can you honestly say were those of this one seller??? New Dog had a theory a bit ago which I think still holds.....in this price range there is still plenty profitable stock for people who have held this stock awhile to sell and make a pretty profit....from my lay position that seems most logical explanation for the lack of movement upward and would seem to be but a temporary situation soon to end with many news events that are likely to happen in the months to come and will spring this stock to new highs no matter your theory or mine. Personally if I was a hedge fund manager I'd be picking on a company that was losing money not GNET.
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