InfoSpace (INSP): Where GNET went! Message Board

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

INSP 117.19

+30.4%

Nov 24 3:59 PM EST

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To: levy who wrote (20366)	7/27/2000 2:16:56 PM
From: Hawkmoon	Read Replies (1) of 28311

so why is insp trading down as much as it is in this deal?...... Levy, this a simple arbitrage play. Sell/short the acquirer and buy the acquiree. And since it occurred just as it appeared that INSP was preparing to break through $60-65 resistance based upon their less than expected loss and tremendous revenue gains, people suddenly abandoned ship on the stock and sent it back to the doghouse, that is.. previous April lows. Now all the gains and consolidation INSP has made since April has become even more resistance to higher highs and lower lows. THAT'S WHY they should have waited until until after the technical picture on the stock was more favorable. I just see no compelling reason that they had to nullify all the positive impact from their better than expected earnings, just to play into the hands of the arbitrageurs. The more I think about it, the more upset I get. I'm upset because I get the sense that I'm looking at dead money on GNET until INSP can get the blessing of the street institutions who will force the arbitrageurs to cover their short positions in INSP. Btw, INSP commentary from Munder Net-Net fund coming up directly on CNBC. Regards, Ron

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