InfoSpace (INSP): Where GNET went! Message Board

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

INSP 96.85

+0.7%

10:03 AM EST

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To: stock leader who wrote (887)	1/16/1999 11:17:00 AM
From: Bajasurfer	Read Replies (2) of 28311

Volatility! It's my opinion that the market makers completely manipulated the stock price on Friday. This stock has an extremely low float. Although Yahoo shows it as 3 million I believe the actual float to be no more than one million. There are a total of 5 YES 5 Market Makers in GNET. They realize who hard shares are to come by. How many of us stockholders here wouldn't sell unless the price is 200 or greater? 2 MM took themselves out of the action on Friday. Here are those two bid and ask prices: 50/116 79/120 So that means there were only 3 market makers trading the stock on Friday. I'm of the opinion that those three feel that they have to accumulate and thereby cover any short positions they have before any anticipated runup. I guess I'm a little paranoid but this looks like big time manipulation. Baja

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