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


To: EenieMeenie who wrote (7192)6/10/1999 11:40:00 AM
From: WallStreetTips  Read Replies (3) | Respond to of 28311
 
GNET >>> We might see $100 because:

Normally when there is something exciting to happen the stocks go up and then drop. Like for example when CEO is on CNBC stocks rises on that news but as soon as the CEO starts talking stock drops (Most of the time from my observation). Like yesterday ITVU CEO presented at Paine Webber and the stock slowly dropped from $36 to $31.50
No matter how nice presentations CEO's will make chances are the stock prices will drop. I expect GNET to drop to $100 (may be) with the same effect and helping it will be weak market sentiment.
I am long but I am prepared to see GNET at $100. Too bad the sentiment is negative today otherwise we would have seen breakage of resistance level of $112 but doesn't look like we will go higher now.

Just my views.