InfoSpace (INSP): Where GNET went! Message Board

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

INSP 117.19

+30.4%

3:59 PM EST

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To: BillCh who wrote (5052)	5/4/1999 9:15:00 PM
From: RTev	Read Replies (1) of 28311

With all the announcements in the past month, it seems ridiculous that the share price is still where it was a month ago. But we must remember that the share price -- even at this level -- is not based on fundamentals, but on prospects and on relative value. The relative value is measured largely in relation to other stocks in the sector. Everything in the sector is falling. GNET falls with them, maintaining its relative value, (but not the value of our portfolios, unfortunately). The problem I see is that there don't seem to be many strong support levels on the way down. 126 might form some support, but if that breaks, it looks like a long way down (95? 94? 70?). I'm hoping (and it's only hope at this point) for a bounce tomorrow to help set the current 130 level as a support.

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