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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 83.51-1.6%Nov 18 3:59 PM EST
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To: robert duke who wrote (6332)5/28/1999 9:37:00 AM
From: Offshore  Read Replies (6) of 28311
 
Well a rally is going to start

Here let me do this again. A rally...right into the toilet. Anybody who has hung onto the internet 'Yahoo wanna b' bandwagon from this 50% drop is crazy. (notice I didn't say idiot for those I was flamed by when GNET was 150 and I said sell sell sell sell!)

OK now listen up. I read this in Business Week last week.

It went something like this. If netstock company profits and sales like Ebay grew at 50% per year for 10 years and then 25% for the next 10, their stock would be worth 10% of where they are now according to normal EPS ratios. You can say all you want about "this is the new wave", but let me say this.

You can buy a $ 10K server, and about 10K in software, and hire 2 kids from High School to make a web system really kick ass.

This stock will only climb if the typical person doesn't reason with the facts that net prices are hyped to the max.

Bring it on people....but sell first!
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