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

To: Sam Sara who wrote (8441)	6/25/1999 1:47:00 PM
From: NotNeiderhoffer	Read Replies (1) \| Respond to of 28311

David, Buy side-money managers, mutual funds, hedge funds Fidelity, Janus, etc Sell Side-Brokerage with Investment banking operations (who also have asset management operations but lets exclude that-Merrill has both Buy and sell side but it depends what you are talking about) Needham and Co., Merrill, CIBC Oppenheimer, PaineWebber Buy side manages the money Sell side looks for commissions on trades or bringing co.'s public, etc. NotsurethatisanelegantexplantionbutitshoulddoNeiderhoffer

To: Sam Sara who wrote (8441)	6/25/1999 2:07:00 PM
From: Dany Tremblay	Read Replies (2) \| Respond to of 28311

You know David, I am only 31 but I do have a bunch of gray hair. I've been doing this for 16ish years or so and I like your thought process. I am not sure if I am wise, but that it exactly how I am approaching the market right now. Most of my position is in cash right now. I am long some GNET, but short DELL and a couple others. I am not convinced the market wants to go up right now and even great news will not make large waves. I anticipate pretty much flat to dropping market indicators for the summer. GNET may buck the trend in my opinion, but not by a margin as great is if the whole market was significantly bullish. Earnings are anticipated as great, which is why the DOW has not fallen below 10k.... yet. I am not confidant it will hold much above 10k once earnings are behind us.

To: Sam Sara who wrote (8441)	6/26/1999 6:09:00 PM
From: MarX	Respond to of 28311

How do you think this "wise old owl" got his grey hair? could be worse - still have hair. I bot my first shares while in college in 1957. There is seldom a time when the worries you discussed are not present. I am reminded of Charles Allman, a mutual fund manager who became very bearish before the 87 "crash", and has never changed his position since. He has felt the market was overvalued ever since. He has always been a good stock picker, so since he was negative on the overall market, he limited his investment to 20% of his fund assets for years after 1987 and achieved very respectable results (even though the SEC forced him to drop the word "growth" from the name of his mutual fund on the grounds that investing 20% of assets could not possible be a growth strategy. So you might apply this type of strategy until things sort themselves out a little better. Right now, I think the stock market is at the mercy of the bond market. What will the Fed do? .25 rate increase? in the market already? .5 increase? series of cuts? The answer lies with Greenspan. A little publicized item I heard Friday is, in my opinion, very important and bullish for the stock market. It is well known that AG would like to be re-appointed for another term in Sept. of 2000. Clinton would defer to Gore's wishes. This report I heard Friday was that both Gore and Bush stated that they would re-appoint him. He's not going to risk not being re-appointed by messing with the golden goose that is so responsible for the economic success of the 1990's.