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

To: KLP who wrote (10512)	7/30/1999 2:32:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 28311

KLP, $50 is prime support for GNET. However, if we can maintain $56-58 then we may be able to maintain the uptrend line. What was worrying me was that GNET was forming a nice and tight Bollinger Band formation on the hourly chart, with an upside gap bias. But the performance of the market yesterday essentially turned that formation negative with the implications being a gap-down from $64, which we saw today. It has been my experience that when BB get tight, there will result a gap in one direction or another. If that gap-down continues, which it will if buying volume doesn't pick up, then those who just bought in will bail out in order to cut their losses. All across the internets we're seeing the big players getting hammered down to their basic support levels... A slow bleeding death, instead of sharp turn-downs. Should the overall markets panic next week, I fear the consequences for those who are holding from higher levels. Those looking to buy however, should be presented with some bargain basement prices. Regards, Ron