GNET >>> Why is it a STRONG BUY now, READ THIS and decide:
With recent bloodbath in webportals stocks I believe that stocks like GNET, YHOO, MINE, LCOS etc. provide great chance to accumulate. GNET is a great buy because of the fact that it also provides split of 2:1
At $130 it is just a great buy. Usually stock with split starts rising when the split date comes near which should happen in case of GNET as such it is not just a long term good investment but it is superb short term investment too.
GNET will split on 17th May which is less than 6 business days from today. I am 100% sure that GNET will rise from $131 level in next 6 days.
Also there is heavy short selling status presently in GNET. Lots of short sellers have been shorting the stock since it almost hit $200 on split announcement. All the shorts should start straightening their positions so I anticipate heavy buying any day any moment and with that happening we will see a buying spree in GNET.
Also GNET is one of the handful companies to have huge cash ($300 Mill) on hand so I expect aggressive growth.
SI is about to reach 10 Mill mark which is a major milestone.
GNET now has it all :
Web Portals - go2net.com ( Like Yahoo, Lycos, Excite )
Online Auctions - haggle.com ( Like EBay, Ubid )
Web Hosting - hypermart.net & virtualave.net ( Like Exodus, Verio )
Web Rankings - 100Hot.com ( Like Media Matrix )
Financial Sites - stocksite.com & SiliconInvestor.com ( Like Motley Fool, Raging Bull )
Internet Search - metacrawler.com ( Better than Yahoo, Lycos, Excite )
Web Businesses Directory - usaol.com ( Like may be AT&T, Sprint, MCI )
Games - playsite.com ( Like may other games providers on the net )
E-Commerce - webmarket.com ( Like many others on the net )
Also metaspy, useless pages etc.
In near future with Paul Allen's entry I expect GNET will become involved in Cable Internet Access category just like Excite - @Home relationship. That should be very exciting.
My 12 month price target for GNET is $250
GNET is a SUPERB STOCK and my opinion it is a MUST OWN stock at this low price.
Just my views.
|
