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

To: levy who wrote (10709)	8/3/1999 9:06:00 PM
From: Hawkmoon	Respond to of 28311

...I have a theory about this internet correction...you see the big boys missed out on this internet thing and now they want in..... I'm hoping that you're right. But that scenario dictates that they will spend as much time as necessary to chase out the small fry investor and lock in cheap shares at our expense. Regards, Ron

To: levy who wrote (10709)	8/3/1999 9:23:00 PM
From: 45bday	Respond to of 28311

Hate TA but think that as we approach a double bottom at 45 it becomes very important. If it doesn't hold then as they say there is no support in a bear mkt. and the inets are clearly in a bear mkt.

To: levy who wrote (10709)	8/3/1999 10:00:00 PM
From: Larry Zenith	Read Replies (2) \| Respond to of 28311

GNET touched $90 ( pre-split ) but never fell below $90 during lastest net stock correction between late May and early June. That is a strong indication. I still believe PA wants to get GNET shares he did not get through tender offer. Since Paul Allen withdrew his offer on Apr. 15, cement floor is gone, but the mental floor is always there. You will see strong support @45, hopefully, PA has placed a large limit buy order there. I also think GNET execs who have sold shares to PA @45 should get back in if, I mean big "IF" it dips below $45 threshold ( I consider it highly unlikely ). According to CNBC, Russell now owns 2.83M GNET shares out of total 42M shares outstanding, around 7.3% of the company. I mean that is very very low percentage ownership considering he is the principal founder ( of two founders, John owns considerably less share of GNET ) of the company, look at other net companies: Yang, Filo of YHOO, Jay Walker of PCLN, Bezos of AMZN, Omydiar(sp?) of EBAY. Even our dearest Paul Allen, after having sold many billions dollar worth of MSFT shares, he still has 8%. I also noticed that GNET now has 500M shares authorized, which means it could further dilute Russell's holding percentage. C'mon, Russell, it is time for you to catch up. Do THE thing like Cuban of BCST did, put the real money on the line as we shareholders do. You really don't want to buy $100M waterfront house here in Medina to challenge Bill G, do you? It is said that low percentage ownership by execs means there is little incentive for them to work harder. GNET execs, please prove it wrong. Thanks! I have NOT sold a single share of my GNET. Larry #79

To: levy who wrote (10709)	8/4/1999 12:41:00 AM
From: Susan G	Respond to of 28311

Levy, I think your theory is correct. The institutions are also trading and shorting gnet. When they get it where they want it, they buy it long and get their clients into it and THEN and only then put out a buy on it. This is a well known fact and happens all the time. M A N I P U L A T I O N In the last few days, I read this theory somewhere else, in a commentary. It mentioned that presently the internets are being sold by frightened small traders, and accumulated by institutions at prices they like. They missed the boat, and finally are realizing it! If you check Thompsons I-watch for the past few weeks, the institutional slice of the buying is 2 or 3 times what it was a month ago. GNET and the Paul Allen connection is something they can't ignore. These are the same guys who didn't realize the potential of Microsoft way back when...