InfoSpace (INSP): Where GNET went! Message Board

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

INSP 118.37

+2.5%

Dec 17 3:59 PM EST

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To: HO-MEE who wrote (21107)	9/2/2000 12:10:49 PM
From: Hawkmoon	Read Replies (2) of 28311

I KNOW where GNET/INSP is going........I KNOW what Russ is capable of doing....... Hang in there HO-MEE... We're seeing some really nice strength in the shares right now. If we can get INSP through $45 on a close, I can suspect that we may have legs to go up to $60-66 before all is said and done (the upper arm of the weekly bollinger band. We know from history that INSP does not trade far outside of its weekly BBs. However, this won't happen without a pullback first, unless we have panic buying and a short-squeeze. The daily chart indicates INSP is overbought, but the MACD looks like it is trying to turn positive and that could keep us overbought for some time if volume sustains itself. Basically, while I see a pullback, it is hard to determine now that we're being added to the "E-50": siliconinvestor.com This becomes more clear by looking at the weekly chart where we can see we're knocking our heads on the MA. But if we look at the weekly Directional Movement Indicator (DMI) we can see that +DI is ready to cross with -DI, which suggests that the directional trend should be upward, and could also last awhile. Another confirmation of this is that the week stochastics have turned upward from a lowpoint on the graph, suggesting that we have some ways to go before we're considered overbought: siliconinvestor.com Caveat Emptor... Regards, Ron

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