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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 130.34+11.2%Nov 25 3:59 PM EST
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To: robert duke who wrote (6475)5/31/1999 2:23:00 PM
From: gridiron 99  Read Replies (1) of 28311
 
<<I hope june is a good month. Itis so hard to buy stocks after they fall 50% no matter which stock it is>>

Tell me about it ! You're not alone, my friend ! During the month of May, I caught not one, but three falling knives. Bought MORE GNET at 124, some YHOO at 175, some INSP at 49 1/2. It didn't take long before I felt sorry for having bought too soon. I thought how could I go wrong buying at such low level ???

I am sure glad May is over, and I am now embracing June with my open arms. I am a small investor with a portfolio full of Internet stocks, except MSFT, which dropped 16K in value in May. Like you, I strongly believe in Internet as the way of the future. That's why I went heavy in the sector.

As for GNET, it got hammered more than other Internet stocks because, in my opinion, the near future of GNET is still limbo. A lot of investors out there want to wait until after the Board of Directors meeting on June 17 before they buy shares. I really think GNET's significant movement will occur in between 6/17 and 6/24 (split date).

But again stocks always go opposite of what/how I think. Who knows GNET might gain a cool 20 bucks on Tuesday. <<gg>>
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