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

To: NotNeiderhoffer who wrote (8434)	6/25/1999 12:45:00 PM
From: The O	Read Replies (2) \| Respond to of 28311

is it gnet??? Or is this a trick question? O

To: NotNeiderhoffer who wrote (8434)	6/25/1999 1:40:00 PM
From: Sam Sara	Read Replies (3) \| Respond to of 28311

A humble question: what is the distinction between a "buy side" and "sell side" analyst? Queasiness overcame me this AM and I lightened up my net stock position. Everwhere I look I see people expecting earnings driven runup for net stocks (not only GNET, of course). This is keeping a significant number of people in net stocks. What I am worried about is that overall market swoons in early July, which will negate much of positive internet news- in a bear climate, good news can be ignored, for no logical reason. If earnings run up does not materialize, then momentum players exit, and bad news arrives. I am certainly not sure if this will happen, but I am risk averse at present that I am willing to act on this scenario. I have not been investing long enough to have a good "feel" for the plausibility of this scenario- any gray-haired wise owls care to comment?

To: NotNeiderhoffer who wrote (8434)	6/26/1999 5:06:00 PM
From: MarX	Read Replies (2) \| Respond to of 28311

MH (8426) I have been receiving research from and dealing with Pacific Crest Securities for a couple of years. Although a very small firm (hq-Port- land, Ore.) their clients include most of the biggest institutional account in the country. They have limited their research to just a few groups - internet, software, retail, banks. Their price targets on the internet's was aggressive, but in the case of GNET, their initial target was blown away by a substantial amount. If you remember they initiated coverage in early January, and the stock sky-rocketed immediately thereafter. I do believe Steve Harmon's listing of GNET as his number 1 pick for 1999 came out slightly earlier. GNET today is still Pac. Crest's Number one internet pick. As far as other stocks and their price objectives, they like all other firms that initiated coverage near the top of the recent move, didn't fare so well if investors acted at that time. As much as I consider GNET my No. 1 pick in the Internet field, unfortunately, with all the junk coming to market, and the pipeline of upcoming internet IPO's overflowing, all internet stocks, even the great ones like GNET, will be subject to extreme volatility, including short sellers who will make money. As per my previous posts, you can help by transferring your shares to a cash account or to the cash portion of a margin account, thus not allowing your broker to lend your GNET to a short seller. In addition, at certain times, either on extreme strength (wouldn't we all have liked to lighten at 199 and buy back later) or the beginning of a downtrend, it seems to me to be prudent to lighten a position or at least hedge by buying a put or selling a call. NN(8434) Talking about getting additional coverage resulting from future PA or Vulcan underwriting activity, I hope they are more successful than they recently were, namely PA/VV paid Montgomery Securities a ridiculous large fee to provide the "useless" fairness opinion on the PA/GNET transaction. If he couldn't twist their arm to get coverage for GNET, maybe we post-ers should retain the services of Jesse "the brain". He looks like he could still mangle an arm or two. As to the Company you described, let me guess - GNET Thanks MarX PS: on preview/edit of these posts, why does internet always come up red as a misspelled word?