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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 82.95-0.6%3:21 PM EST
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To: Bag of Pucks who wrote (2430)3/26/1999 12:14:00 AM
From: OneWest  Read Replies (2) of 28311
 
Horng - "Bubble about to Burst" - I Disagree!

It is my gut feeling that the so called perceived bubble continues to deflate with time with no real damage to the sector. Sure these stocks compared to fundamental historic values are grossly overvalued. However, I am starting to see more fund managers and seasoned professionals talk more openly about this being the place to invest. Six months ago, these guys could not say anything positive at all about the .com's. Now I think they are finally starting to realize that the ship has left the harbor and will not return. As I have previously stated, the institutional camp can't afford not to invest in the internet arena. Their interest alone is good for considerable upward pressure on these stocks. Especially one as undervalued as GNET is compared to its peer group. NB Montgomery will levy a strong buy rating on this stock the day Paul Allen's 20 day tender period is over. I do not have a crystal ball, but this is my gut instinct. After all, NB Montgomery banked Allen in the GNET transaction and he is not a client they want to lose anytime soon. Look at Alan Braverman's (NB Montgomery internet analyst) influence today alone when he came out with the 8 buy or strong buy recommendations on internet stocks. I would venture to guess that he created around a billion dollars in wealth today alone.

Thanks for responding to my earlier post!

Good luck all!
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