InfoSpace (INSP): Where GNET went! Message Board

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

INSP 89.89

+8.0%

Nov 21 3:59 PM EST

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To: Stephen O who wrote (6791)	6/4/1999 11:45:00 PM
From: option007	Read Replies (2) of 28311

NO FOLLOW-THROUGH RALLY UNTIL JUNE 16; EMPLOYMENT DATA INCONCLUSIVE I am a very strong support of Gnet. Believe in the company and it's visions. Regardless of my view I will be objective. Todays unemployment numbers did not put to rest the idea that fed will raise rates on June 30. On the contrary, it fed more uncertainty. Low employment number 11000 followed by strong revision upwards for april report plus greater average hours increase. Today's rally was only a relief rally. There will be no follow through rally until interest rate fear is put to rest on June 16 when CPI is reported and then again on June 17 when Greenspan speaks. Bonds were weak today at 5.97% and look poised to break 6% next week. I believe there will be a selloff on Gnet Monday when it reports that they have 10 million message. Everyone knows this and already bought on this premise. Meeting with Paine Webber will be routine and lead to no upgrade. To convince management to sell their Gnet shares to Paul Allen at $90 without a doubt it would make sense that Gnet trade under $90 or else they may have some reservations. Figure closer to $85 would do the trick. Todays rally was based on low volume which is clearly a bad sign. You need big move on strong volume. On Gnet there was pratically no buyers even though price is suppose to be cheap. This means that we will retest $90 price again very soon. Other bad sign, nasdaq is up 75 points, Yhoo up 12, Aol up 11 and Gnet up only 3. This is a problem. Gnet had to be up 12 too to $108. In Gnet case people ask why should I pay Gnet stock $100 when Paul Allen says it is only worth $90. Is there a catch??? Drop from $199 to $90 and still no buyers? Look out.... Be prudent sell Gnet and repurchase on June 16 when CPI confirms no inflation. Then strong rally will begin. If CPI shows inflation then purchase on June 30 once Fed raises rates. Sorry for opinion but it had to be said. By the way I am not short on this stock. Just my views.

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