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Technology Stocks : Internap Network Services Corporation

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To: Ken W who wrote (695)	1/13/2004 6:41:30 PM
From: Jibacoa	Read Replies (1) of 1011

Ken: You were right.<g> I had to sell a good bunch at 2.50 The heavy selling came up in the last half hour of regular trading. The news about the new stock offering (45M shares) and the resignation of Tony Naughtin doesn't look too good. I don't know if the 10M shares to be sold by "insiders" are from Tony Naughtin of if there are others also selling. I guess there aren't going to be any other "bad news" because otherwise the "insiders" are not supposed to be selling.<g> The stock has fully closed the gap on after hours trading. The company will have to come up with some good news.<g> There are a lot of rumors about deals with ATT, Telefonica, Bell South, etc. They haven't said as yet what they plan to do with the new money they are raising. I will have to keep a closer watch on it tomorrow.<g> Bernard

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