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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 83.20-0.3%Nov 20 3:59 PM EST
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To: truth who wrote (16387)1/21/2000 10:53:00 PM
From: Dr. Zax  Read Replies (1) of 28311
 
truth,

You're explanations are quite logical. I have almost no question that this stock is manipulated. Others will. They find it hard to fathom that a single entity can throw around enough money to manipulate a stock with a 20 million float (And get away with it!!!). But the fact is, there may be a 20 million float but most of that is locked up in people's holding. This leaves a very small virtual float which is easily manipulated.

the solutions: 1) figure out who is doing the manipulating and how they are doing it and profit from it. 2) ignore it, hold the stock long and do something useful for other people like planting trees or working a soup kitchen. when you look a year later, you see your GNET higher because it makes a profit and has potential.
As for how to stop the crazy manipulation. Wait for the hedge fund to move on to another stock... not much else to say. If the stock becomes too obvious, more hedge funds will join in, they will take different approaches and then GNET will no longer be as profitable for them. Maybe the solution is to invite more hedge funds, then it will be really bad for a shorter period of time.

Also remember that today was options expiry. This too has a large effect on several stock like GNET and AOL.

Dr. Zax
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