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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 95.10-19.7%Dec 18 3:59 PM EST
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To: tahoe_bound who wrote (19609)6/14/2000 2:18:00 PM
From: Pareto  Read Replies (3) of 28311
 
Hello tahoe-bound,

I'm with you. I bought at the same levels, but less and not on margin, so I have no hurry to sell and can wait and see.
It is still a company with only 80 M in sales and 1.4 B market cap. High risk. It is easy to pick a leader after the race is run, but with many rounds to go it's not that clear.

I think management is doing what it said it would. Only the market is bad. Competition is heating up. Coming months all bricks and mortar companies will launch improved sites.
It will take two more years before e-commerce has a significant share of the economy, then the big numbers come in. Now it is a question to establish a good position and to have the right technology.

Try not to get short breathed. You may have to sell part of your holdings to get afloat now. Last year for many the line between investing and gambling became blurred. That's history.

Gnet has the cash on hand to quietly work on the future and take the right decisions. Acquisitions not always work out well. Coverage has its cost and is no golden medicine.

Take care,

Pareto

(by the way, part of Santiago is flooded, in 48 hours we had 4 inches of rain, that is 1/3 of the rain we have normally in a whole year.)
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