InfoSpace (INSP): Where GNET went! Message Board

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

INSP 117.27

+30.5%

12:32 PM EST

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To: PhantomTrader who wrote (6129)	5/24/1999 10:37:00 PM
From: PhantomTrader	Read Replies (1) of 28311

I saw this post on the Yahoo board..does anyone know if Briefing.Com actually says something like this today, or if it will matter? ****************************** Professionals read www.briefing.com. This news agency has been silent on internets until tonight. Briefing talked in detail of the internet companies saying that sentiment and not fundamentals were at the core of today's selloff. Briefing states that a strong rallye is imminent in internets stocks as fundamentals are strong and so is outlook on second quarter profits. Briefing says that although it is difficult to predict an exact bottom they state that the green light is given when stocks take a big dip and the opening followed by a sharp reversal accompanied by big volume. Briefing suggests that sentiment is like Chicage weather and can change any minute. They recommend that investors hold on to their stocks to ride out current bearish mood for another week or two at which time techs & internets will stage a huge rallye. Common sense would suggest that Gnet after having fallen 50% off it's high is trading at bargain prices. Remember analysts forsee Gnet growing at 60% per year. Therefore you cannot calculate true value of the company on simple P/E numbers. Be smart and invest now. Limited downside and huge upside potential. Remember Paul Allen will not pay $90 per share to management to see his shares trade at $70 like some people say. A sign that you have reached bottom is when you read on this board suicide notes, bankruptcy notices, desperate calls for help, to abandon ship, etc. Last time there was a big downfall on internets was 2 days before Gnet earnings. At that time Gnet went down $20 along with all internet stocks. Next day Gnet regained $30 and the following day hit new high of $199. I believe strong rebound tommorrow. People won't wait 1 week or 2 weeks as briefing now says since they told everyone. Look for everyone to stampede over each other. Good Luck ******************************

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