InfoSpace (INSP): Where GNET went! Message Board

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

INSP 95.47

-0.2%

Dec 26 9:30 AM EST

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To: Puck who wrote (23474)	1/23/2001 11:42:05 AM
From: Bob Kim	Read Replies (1) of 28311

It was only three months ago that ML was recommending... Puck, At the beginning of 2000, ML was recommending purchase of INSP at $214 even though their price target was $180. (Jan 2-for-1 stock split occurs) On 1/27/00, ML upgraded INSP to BUY and raised its price target from $90 (pre-split $180) to $175 (pre-split $350). (Apr 2-for-1 stock split) On 4/20/00, ML raised its price target to $175 (pre-two-splits $700). Several days later it was down to $100 for no apparent reason. By downgrading to Neutral today, they don't have to worry about the $100 price target anymore.

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