SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 95.10-19.7%Dec 18 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: tahoe_bound who wrote (19294)5/23/2000 9:59:00 PM
From: Hawkmoon  Read Replies (1) of 28311
 
Well, I have to admit that the plunge protection team wasn't on duty today.

From the comments of a few TA gurus I have a lot of respect for, we should see a market bottom by the end of May. The question is what level the indices will need to be at before we get a capitulation sell-off and some of that $2 Trillion in money market funds starts getting redeployed back into equities.

Further comments that may assist GNET is that folks who spoke at the Technical Analysis seminar in Atlanta over the weekend apparently believe that we're in for a new paradigm relative to valuing stocks. Instead of pure TA, we'll be seeing more of a hybrid of TA and Fundamental Analysis, where the focus will be on companies that have not only earnings, but strong earnings growth. If GNET can continue to maintain its pace of profitability over the coming quarters, we may finally see Russell and crew receiving the respect they deserve.

My TA now indicates that we are likely to retrace to October, 1999 levels, and maybe through them on a capitulation sell-off. And then a rally in the summer as people get set for the next quarterly pension funding in July.

I hope that I'm wrong on the former and right on the latter.

Regards,

Ron
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News