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Pastimes : Techride
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To: Joana Tides who wrote (222)2/9/1999 9:27:00 AM
From: Blue Snowshoe  Read Replies (1) of 7442
 
Well there goes LYCOS. I knew it was going to happen but I didn't think it would be this week. As far as portals go that pretty much leaves our GNET and makes damn sure it will hold current prices no matter what happens.
Figures, I just took some GNET profits in the high one-teens and now I may have to buy them back before I planned if the stock runs. I'm still sitting on a pile of GNET and the highest I paid for any of those shares was 50 1/16 so I guess selling a couple hundred shares and buying them back now (if needed) shouldn't bother me. No wonder why my broker loves me so.
A few weeks ago XCIT, LCOS and GNET were all targets on my merger list. Today the list is GNET. I hope GNET holds out for a long time and big bucks as XCIT and LCOS have really increased the value of the company. Perhaps you can see why I say you have to think different when you value an internet stock.
I still think this market has more of a correction coming so I'm not going overboard today. I'll only buy if I feel like GNET is getting away from me. Most (if not all) of the powder will remain in wait, as planned. Granted this may not be the way some would play it but if they were up several hundred percent since December, they would sit on the powder and wait till we get wacked in a major way. I've got the time and the money (their money).
So if today my broker's kid gets new shoes, well, big deal. I'll buy back a few GNET shares if I have to but most of the cashola stays on the hip. Unless GNET runs I'm not buying a darn thing. BLUE
PS Don't forget my target for GNET: 155 (52 week high 142 1/2). TYPE I stocks ALWAYS do what?
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