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: Hawkmoon who wrote (22587)	11/30/2000 7:53:50 PM
From: Puck	Read Replies (1) of 28311

The very fact that traders know management purchased MFNX's shares at around $11 will discourage them from shorting the stock further because of the expectation if the stock fell further there could be more purchases from management coming. Garofolo is a billionaire and he could purchase some millions of more shares if he really wanted to. Now that management has made a statement, short sellers and traders will probably leave MFNX alone and go to pick on other easier targets.

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