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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 92.10-0.6%Dec 31 3:59 PM EST
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To: Sgt. Stockpile who wrote (1987)3/15/1999 7:06:00 PM
From: Hawkmoon  Read Replies (2) of 28311
 
Sgt.

When Paul Allen buys those shares, unless he later sells them, they are effectively removed from the float.

But I believe the point was made that PA may be tendering this offer to insure that insiders are able to divest themselves of their stock at an assured of price. It's a sound theory, but I also believe it psychologically puts bottom support at $90/share.

I think we may be heading higher. Long term shorts beware. This is going to be a daytraders delight.

Finally, I think some of that late day spike may be institutions looking for a place to park money from new inflows. But that is sheer conjecture on my part based upon previous observations where a stock moves after 3:00.

Regards,

Ron

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