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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: Technologyguy who wrote (5586)5/14/1999 4:12:00 PM
From: WallStreetTips  Read Replies (1) of 28311
 
GNET >>> Closed above $127 not at $130 per my expectation but still

It is good that it closed with a gain with good volume. DJIA down almost 200 points and Nasdaq down nearly 55 points. Only 3 stocks on Dow closed with gains rest all down. Ouuch!! I did not expect heavy selloff in markets and if the overall market was not this weak then GNET would have definitely closed way above $130. GNET could have closed above $135 if the DJIA and Nasdaq were in positive territory. Oh well, what counts is it closed in green despite another bloodbath in Internet sector.
But anyway GNET did good compared to most other Internet stocks.

GNET's today acquisition of ICQ will attract many new investors to sign up for silicon investor which in turn will increase revenues and hits for GNET.
Have a nice weekend everyone.

Just my views.
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