InfoSpace (INSP): Where GNET went! Message Board

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

INSP 124.41

-2.3%

Nov 28 9:30 AM EST

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To: levy who wrote (21862)	10/19/2000 7:30:41 PM
From: HO-MEE	Read Replies (3) of 28311

Listen up all you GNET/INSP believers and Uncle HO-MEE will make you feel better. Here is what is going on in INSP......You have had some heavy trading the past 2 days....Bear Stearns was a BIG seller yesterday and today, he was cleaned up at about 3:00EST and that is why the stock acted crummy yesterday and this morning. Now here is why the stock has been weak lately.......the telecommunication stocks have been DESTROYED recently....MOT,NOK, NT,etc......that put pressure on INSP. The GNET deal closed last week and I believe we have seen the unwinding of any remaining arb positions and GNET shareholders that lightened up their positions once they received their INSP shares. Yahoo and RNWK both had bad #'s and this effected both GNET(YAHOO) and INSP(RNWK....... Now here is the good news, Ebay announced BLOW-OUT earnings and the stock is trading up $9 in the aftermarket,INSP is trading up $1.25 since the close of trading today. PHCM came out with their earnings after the close yesterday and the stock was up $16 today...I have just read a GOLDMAN SACHS report lumping PHCM and INSP together and they expected better #'s from PHCM and INSP....finally, NOK reported blow-out #'s and the stock exploded in trading today. To rap this all up.....I think that INSP will absolutely blow away the REV # next week and the stock will be off to the races...Russ and his partner(JAIN) have NEVER failed having great #'s for the street to enjoy...this 1/4 will be NO different.The stock did some great work the past 2 days and I have been adding to positions as the weakness has played itself out. One last note Goldman is having a conference on Nov.15 and Jain will play a major role....Trust in Russ to have done the right thing for GNET shareholders over the long term......I do. Regards to all.

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