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

To: GraceZ who wrote (9335)	7/7/1999 10:31:00 AM
From: The O	Respond to of 28311

Screw TA! I don't really buy into that anyway. Especially with internets that give us such great news on a weekly basis! I trust in the company and believe that they will meet or exceed their goals this year! I like that Go2net and Vulcan Ventures are mentioned in the same headline as the investors. That just strengthens my belief that Russell and Paul are taking this project on hand in hand. Gnet is clearly the center of this wired world. I wish I could afford more....but there will still be those that say I've had an incredible run...take some money off the table. Maybe someday BUT NOT NOW! O

To: GraceZ who wrote (9335)	7/7/1999 12:25:00 PM
From: Roger Confirmo	Respond to of 28311

I second that emotion.

To: GraceZ who wrote (9335)	7/7/1999 4:39:00 PM
From: RTev	Read Replies (3) \| Respond to of 28311

If you sell today you have made money and now it is realized, you are in cash. But how are you going to react if we get some news and the stock breaks through the 52 week high and runs? Good point. But to offer a contrary example, let me offer my own experience recently. I bought a certain stock in an unnamed Seattle company at 32 and saw it rise to 40. I sold a few shares at 38.5, but kept most of it since I figured it might rise even higher than 40 in the next month or two. But then they preannounced an earnings problem. The stock opened over 10 points lower the next day (well below my purchase cost). It's unlikely to get back to 30 any time soon. I offer that only to say that buy and hold isn't always best as a general policy. But is it a good policy for GNET right now? That sure does look like a double-top on the chart, and I suspect some of the selling we've seen results from that -- especially if it's coming from program trades since that's the kind of selling or buying that responds most quickly to technicals. Frankly, I'd be unwilling to buy any more at this point, but won't drop any of the small stake [even though I don't participate in the notorious list]. Unlike that other company I mentioned above, GNET seems to be at the start of their growth stage. I see it growing and gaining value for years to come.