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

To: PhantomTrader who wrote (8703)	6/28/1999 10:09:00 AM
From: GraceZ	Read Replies (1) \| Respond to of 28311

beginning to take on a childish slant Lets try to remember how this silly list got started. GNET had been trending down for weeks (the whole sector, really) The hard core longs had been averaging down and getting beat up by the stock going down even more. We were starting to get a little dispirited here on the thread. This is when long term holders are the most vulnerable, you start to doubt your judgement. A short term trader in GNET came on the thread to say that he was selling and that most of the long term holders had sold. This statement hit a nerve with Josef, GNETs biggest supporter, he challenged this poster by saying basically....where is your proof that all these long term holders are selling? And that he was one long term holder who didn't sell. And it just took off from there, people chimed up, taking a number as they went, supporting Josef and GNET in a totally spontaneous way. This first round of "number taking" happened so fast that people were basically posting simutaneously and all the numbers got mixed up and out of order. It took Pareto to go back and put it in order. The funny part of this story is that, the guy, said he was selling GNET to get into CMGI. This was May 17 , I looked back on the quotes for that date...GNET closed at 64 5/16, CMGI closed at 124 3/8.....six weeks later, I'm looking at GNET at 69 and CMGI at 93 7/16. The most important thing you have going for you as an investor and the thing you have to protect is your confidence. Short term traders and short sellers are always trying to attack that, what we can do here is support each other....and when someone makes a blanket statement that is obviously wrong we can do what Josef did and challenge it. Stand up and be counted against these guys. (just my bits) For those of you that want to follow the thing first hand, it starts here: Message 9570178 Message 9570479

To: PhantomTrader who wrote (8703)	6/28/1999 12:05:00 PM
From: WallStreetTips	Read Replies (1) \| Respond to of 28311

GNET >>> Future of Internet and E-Commerce E-Commerce News Report: Internet Commerce to Top $1 Trillion by 2003 June 28, 1999 By George DiGiacomo Associate Editor, ServerWatch E-Commerce News Archives International Data Corp. (IDC) reports the amount of commerce conducted over the Web will top $1 trillion by 2003. According to IDC, the number of users who make purchases over the Web will jump from 31 million in 1998 to more than 183 million in 2003, representing 36% of all Web users. Although the number of Web users is increasing in many foreign countries, Internet commerce is currently U.S.-centric. In 1998, 56% of Web users resided outside the United States; however, non-U.S. Internet commerce accounted for only 26% of worldwide spending. By 2003, IDC estimates 65% of Web users will be international, and the United States will account for less than half of worldwide Internet commerce. IDC's report, titled "The Global Market Forecast for Internet Usage and Commerce", sizes the market for Internet commerce, including the number of users and devices accessing the Web, the value of commerce transactions per user, and the number of pages on the Web from 1995 to 2003. The forecast is segmented by region (the United States, Canada, Western Europe, Asia/Pacific, Japan, and the rest of world) and user segment. The market sizings and forecasts included in the report come from IDC's Internet Commerce Market Modela, which is based on more than 40,000 primary research interviews annually in 31 countries and on IDC's supply-side forecasts for PCs, network computers, modems, and other technologies. ********************************************************************** GNET >>> INTERNET @ GLANCE >>> SUPERB STATISTICS, MUST READ In 1998 World Online Population >>> 171.2 Mill (3%) North American Population Online >>> 94.1 Mill (55%) World Population Not Online >>> 5.7 Billion (97%) Online Population Projection for year 2005 North America >>> 150 Millions Asia Pacific >>> 100 Millions Europe >>> 80 Millions South America >>> 10 Millions Middle East >>> 4 Millions Africa >>> 5 Millions World E-Commerce: 1998(actual) 2003(projected) USA >> $28.9 Billions $654.3 Billions Europe >> $5.4 Billions $358.0 Billions Asia Pacific >> $2.2 Billions $88.0 Billions Canada >> $0.8 Billion $53.9 Billions Latin America > $0.2 Billion $84.2 Billions Collected from various reliable sources like emarketer, US Census Bureau (1998) and Computer Economics. From above figures it is clearly evident that the real internet explosion is still to come. Just my views.