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


To: Im-patient who wrote (8344)6/24/1999 3:52:00 PM
From: Dany Tremblay  Respond to of 28311
 
My experience on news is that leaks are common-place and the stock would be behaving differently if something big was being planned for Monday. I'd be very surprised about such an event.

I don't think GNET's close on Friday will be higher than than today's close, i.e if it closes at 144 today, it will close lower than 72 tomorrow.

The last half hour in passing and the answer is obvious. I don't know if the day traders are short. I can tell you that Schwab will not allow its client to short this stock. I don't know about other brokers.



To: Im-patient who wrote (8344)6/24/1999 4:24:00 PM
From: The O  Read Replies (1) | Respond to of 28311
 
The shorts are taking this down today on the assuption that many will sell their "gift shares" tomorrow post split. I believe that is what happened in the short term last time. I think this time the field is different. there seems to be alot ot interest in this stock and I hope many are waiting till after the split to pick up some shares without having to dish out so much to do it. Technically a split is a non-event but with the increase in float we may be able to pick up coverage and institutional investors.

O