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Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: Crystal ball who wrote (7049)	6/7/1999 2:44:00 PM
From: V.	Read Replies (1) \| Respond to of 28311

Balls, Err... I'm sorry, that's Crystal ball, ain't it? ;) <<but this one, GNET, with its high multiple is very interest rate prone (30 year Treasury long bond 5.94) for a discount if the bond yield hits 6%.>> High multiples, IMO, are not a good indicator of share price within the internet sector. The nature of the beast is such that earnings typically lag for some time. However, GNET is already making money and has a big wad of cashola to boot, so you shouldn't be overly concerned by the P/E (which is substantially lower at this writing than it has been in the recent past anyway!) <<P.S. It was hard to part with 30,000 of my 40,000 GNET at $90-$102, but I had no problem parting with 30,000 at $109. In that sense, I think being consistent over LONG or SHORT means WHEN, not a RELIGION.>> drugeffects.com <<(Personally I do not SHORT SALE securities I do not own, I may have a beleif that a SHORT is in order, which means the brave may SHORT SALE securities they do not own, and the rest of us simply SELL (Also called SHORT) our current holding positions. >> Thanks for the umm... advice?? My beleif ;) that if a SHORT is in order, which means I would buy puts as a sort of 'insurance' on my long position, not to sell the underlying securities themselves, to cover the downside much like shorting against the box but with less risk, and the rest of them simply SELL and kick themselves when the inevitable technical reversal presents itself on the formerly "current" holding. Do you write manuals for the IRS? Just curious!