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Technology Stocks : InfoSpace.com

INSP 86.37

-0.5%

Nov 14 9:30 AM EST

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To: A.L. Reagan who wrote (1579)	3/14/2000 7:14:00 PM
From: leo_bloom	Read Replies (1) of 3070

Hi, A.L. Fellow long-suffering Globalstar/Loral long, here. Regarding Infospace, I bought a few shares on a perverse whim last November as a kind of counter-strategy to the one I'd been pursuing with Loral. (I put on a "What, me worry?" t-shirt, pasted some I-net and dot-com company names on a dart board, and threw a dart.) I'm grateful for the result, but I've remained incredulous through the whole run. I kept checking to make sure I wasn't missing anything with the price-to-sales ratio beyond the stratosphere. So I began selling a few shares here and there. Yesterday I sold a third of my remaining shares. Then I came across the article that quoted the CEO boasting of a future trillion-dollar market cap, etc. I sold the rest today. I could be totally wrong about my perception of the euphoria/hype that has been moving this stock, but if I am, so be it. It was fun while it lasted. Time to move on. Leo

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