SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Anthony@Pacific who wrote (65154)12/28/2000 10:35:06 AM
From: Paul Kern  Read Replies (1) of 122087
 
INSP made a huge spike yesterday based on a mysterious deal with Amex.

Here is the gist of the Reuters story at biz.yahoo.com

``There is a deal, but beyond that I can't provide additional details,'' said Mark Peterson, InfoSpace's vice president of public relations.

In a research note Tuesday, Wedbush Morgan Securities Analyst Scott Sutherland said he was researching InfoSpace's IQShopper software and discovered it powers American Express' ShopAmex portal, a relationship the companies had not announced.

``We believe the launch of the ShopAmex portal is a positive event for InfoSpace as it provides the company with a solid, multifaceted revenue opportunity and a high-profile customer to showcase its IQShopper service,'' said Sutherland, who reiterated his ``strong buy'' rating on the stock.

------------------------------------------------

It's beginning to retrace. If the details don't come out very soon, it looks like a short to me.

Paul
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext