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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 83.42-0.1%Nov 19 3:59 PM EST
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To: Bill F. who wrote (2499)3/27/1999 1:12:00 PM
From: GraceZ  Read Replies (2) of 28311
 
>>.(in fact most stocks have been laboring for a year now with only the internet stocks still in an intergallactic bull market<<

***OT*** sort of

Here is the case for the Bull Market continuing: Money is being siphoned from companies in the old economy and sucked into the new. You don't have to be a genius (or a journalist) to figure this out.

The other day I had to make travel arrangements for my husband and I to go to California. In the past we would have called a travel agent. We called the airline because I knew who had a direct flight, I figured I'd go to the source. The flights and prices we got from the airline were terrible....so I said I'll go to the web. I hook up on the site of the airline we had just called. In five minutes we had tickets on the direct flights I wanted AT HALF THE PRICE. I got off the computer and said, "If I was a travel agent right now I'd be looking for another job"
This scenario is being repeated in EVERY industry across the board. Why pay a full service broker if I can log on to SI and Stocksite and do my own research (the information is better and more timely then the recommendations being provided by the full service broker), then log on to Datek or Etrade and do my own trades....gee, which would you like to pay? $250 to make that trade or $9.95...its a tough one.
I think that a lot of the traditional analists really don't understand what is going on, all they know is that it looks like a speculative bubble to them. It is, in places. There are your "Pinkmonkey.com" stories all over the place...the difference is that these situations have tended to self correct in every pull back. (go look at the chart)
What happened in Japan was still the classic case of a boom feeding back in to a speculative bubble that also had the added fuel of too much leverage. Add in an aging population (old people don't like to spend money) and it only takes a minor shock to put you in a deflationary spiral. The worldwide drop in commodities has tended to hurt companies that are in the "old economy" but has had little effect in those of the "new economy"

GNET will continue to grow because they will siphon money from the tradition companies...end of story
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