InfoSpace (INSP): Where GNET went! Message Board

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Technology Stocks : InfoSpace (INSP): Where GNET went!

INSP 86.37

-0.5%

Nov 14 9:30 AM EST

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To: levy who wrote (16437)	1/25/2000 6:16:00 PM
From: Hawkmoon	Read Replies (2) of 28311

while some here have concentrated on the valleys, bleeding in face of lack of coverage and doom... It certainly doesn't help that CHTR is performing so poorly. with each down turn we are turning back up sooner and with a low not as low as before Yes, that is key. Ever since this stock failed a double top last summer it has had one of the ugliest charts I've seen, which is probably due to the lack of liquidity in the market and some big players having their way with the stock. But the chart has started to look much better over the past couple of months with an upward trend line forming and becoming increasingly steeper. If the channel that I'm seeing beginning to form is correct, then we could see $110 again fairly soon (matter of weeks). siliconinvestor.com If we take a look at the small spike that popped GNET up to $91 or so just after the first of the year, and trace a line to the peak that occurred 4-5 days ago at $96-97, and then look at the channel lows of $73 the week before and today's reversal, then one can make the initial beginnings of a particularly steep upward channel developing. If you are trading this stock plotting the parallel lines between the peaks and lows may give you some nice sell and buy points. They also mark support and resistance levels. Break through this channel to the downside and you have to then go to the next channel formation you can discern, or look for other formations like ascending triangles... etc, etc, etc... chartpatterns.com We need a breakout above $107 sometime in the next couple of weeks for this pattern to assert itself (from my reading of the tea leaves). Today's VERY POSITIVE performance indicates that the chances of this channel forming may be good. And that will set this stock to higher levels over the next couple of months. The fly in the ointment? Alan Greenspan and the financial and banking sector. Can't have a particularly strong bull market without participation by the financials. Note: I just confirmed this analysis by looking at the hourly chart. siliconinvestor.com If you note those Bollinger Bands, you'll see that they are "pinched". Folks... that is about the most bullish sign that can find that this stock may be moving back northward in a HARD AND AGGRESSIVE FASHION. Just my opinion. Regards, Ron

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