InfoSpace (INSP): Where GNET went! Message Board

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

INSP 130.56

-5.0%

3:59 PM EST

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To: WallStreetTips who wrote (5188)	5/6/1999 6:32:00 PM
From: Hawkmoon	Read Replies (1) of 28311

WST, We'd better have a reversal in the internet sector tomorrow. Most of the big-cap internets are at or breaking below their 50 day MA. With bond rates as high as they are, that is putting a lot of pressure on the big caps as they compete for the investor dollars and could lead us into a corrective stance on the overall market. The only contra-indicator to a bear market or nasty correction is that the transports are at new highs so there is divergence there for those who subscribe to the Dow Theory. One of my favorite "radio brokers" seemed VERY cautious on net stocks today due to their failure to maintain the 50 day MA. We'll see. Regards, Ron

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