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Microcap & Penny Stocks : INSP Investors Research
INSP 124.41-2.3%Nov 28 9:30 AM EST

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To: Dan Hamilton who wrote (386)11/15/2001 11:34:16 AM
From: Puck  Read Replies (1) of 787
 
I'm beginning to suspect that the recent strength in the share price is correlated with a recent renewal in optimism about the nearer term prospects for the wireless sector, which appears to have been inspired by comments Nokia's management made at the beginning of the week that demand for their phones is increasing strongly, more so that could be explained by purely seasonal factors. Also, 4Q is the biggest Q of the year for the whole wireless industry. Perhaps the unexpected strength in the latest retail sales figures implies the growth for Authorize.Net will be strong and perhaps accelerate. Also there are several more contracts for wireless platform developers pending, which Infospace is obviously well positioned to win, on of which involves Virgin's U.S. subsidiary. Perhaps the stock price movement reflects some advance anticipation about this. Also, this is the time of the year when investors begin to look forward to the coming year and past the current one. Next year should be excellent for Infospace, especially the second half. I don't see any particular catalyst for short covering now as opposed to any other time.
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