InfoSpace (INSP): Where GNET went! Message Board

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

INSP 92.63

+0.6%

11:16 AM EST

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To: Jay Plummer who wrote (2303)	3/23/1999 12:49:00 AM
From: Hawkmoon	Read Replies (1) of 28311

Remember this stock has a very low float and is starting to get big investors jumping on because of the Paul Allen announcement. You might have to pay a lot more for those shares in the future!! I will trade this stock and accumulate, but I won't fight the tape, because the tape is heading to $200. I think you're analyzing the situation correctly. Just pray the overall market will continue to permit us to sustain continual momentum over the coming quarters (or at least this week). There is a possibility of a general market correction during the first week in April (time to pay the IRS for all those capital gains folks made last year). My gut sense (or SWAG) is that institutions and mmkrs are trying to jack the stock up to higher levels in anticipation of a market correction coming. Higher highs set a future price target and give us reasonable valuations even with a 30-40% correction from the stock's highest price. Let's face it, the advance decline line is REALLY ugly and the RUT got hammered today. Regards, Ron

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