InfoSpace (INSP): Where GNET went! Message Board

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

INSP 83.51

-1.6%

3:59 PM EST

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To: Keith Howells who wrote (6040)	5/23/1999 12:57:00 PM
From: WallStreetTips	Read Replies (3) of 28311

GNET >>> Interesting post from Yahoo board Option related selling in Gnet is over by: option999 12901 of 12906 May is usually the weakest month of the year for internets and june is the strongest. I take comfort that most internets are down 40% so there is nothing wrong with Gnet. This is a very healthy correction and will insure that stock climb will continue. This weeks selling was option related. I wouldn't be surprised to see Gnet recover all of this weeks loss and finish at $127. Remember whenever it becomes too easy to predict a downfall like the fellow who said $50 soon then, selloff is over. For those who have experience you know that nothing is easy to predict in stock market. What seems obvious really never is. An analyst said this friday evening on the program NBR that the smart people are presently buying the internet and technology stocks. He says this is big buying opportunity. An opportunity like this will not come in a long time. June news on Gnet: Paine Webber presentation on June 10 Shareholder meeting on June 17 Stock Split on June 24 Fed reserve meeting on June 30 Earnings 3rd week of July Once Paul Allen is approved into company on June 17 what do you think that Gnet will do with the $300 million in cash and the 475million shares that are not issued? Could it be that they are going to go on an aggressive buying binge to acquire companies and increase audience share. Remember Gnet is 19 on Portal Site and will gain with every acquistion. Remember Gnet can use it strong stock currency to make acquistions. With every acquistion I believe that Gnet stock should go up. $300 million gives you about 10 acquistions. 475 million shares might give you another 100 acquistions. Knowing this is to come, how do you guys who are short sleep at night. I would be very nervous believe me. Then again maybe you shorts are just naive and don't realize the risk you took Good Luck to longs. Keith: About Breifing.Com - I don't see that happening but anything is possible, can't rule out any possibilities. Just my views.

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