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Technology Stocks : CNET: The Computer Network (NASDAQ:CNET)

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To: James Thai who wrote (396)2/19/1999 12:30:00 PM
From: Mark[ox5]  Read Replies (1) of 1133
 
Negative

CNET didnt run up based on VIGN IPO.. you dont see it on the daytrader boards... its not a DBCC or MALL or something similar. It's running on the fact its the 10th most visited site on the web, AND profitable .. which is rare in this sector.

When market falls people will flow to the strong in the sector... the stocks they can put "value" on... i.e. real earnings etc.. thats why AOL held up so strong. EBAY held up relatively well as has CNET. All 3 are profitable...

YHOO is another story but it has had a slew of insider sales.

CNET needs to break $120 with conviction and then its off to the races. You have a lot of support in $109-$110.

Mark
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