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Technology Stocks : InfoSpace (INSP): Where GNET went!
INSP 136.61-2.4%Dec 5 9:30 AM EST
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To: option007 who wrote (6870)6/6/1999 12:34:00 PM
From: BillCh  Read Replies (1) of 28311
 
The public record is more specific than that - the price was struck when the shares were about 87 , when the internet sector was widely cast as over-valued (eg by Bill Gates). So 90 was almost no premium over 87, and the chance of a decline in price was seen as high.

As it happens, the GNET price stays up by itself! On Friday, sentiment swung the other way and cast the internet sector as undervalued.

I'm glad the huge parcels of shares we're talking about changed hands without adversely affecting the market
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