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

To: The O who wrote (10903)	8/5/1999 9:15:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 28311

Is there such a thing as a double bottom? If so have we just hit one? O, That's what I was hoping for. We have so far avoided retracing old post-split lows on the daily chart, so technically speaking the upward is still intact (though it doesn't seem that way...:0) And by uptrend, I mean not breaking major support at $45. What was more impressive is that we closed at the highs of the day without a end of day retracement. That's a VERY strong sign of a trend reversal indicative of the worst being over. But what I consider the most significant indicator is that GNET, a $50 +/- stock was up 8 points while the big heavyweight internets where either down (AOL) or only up by a fraction of the percentage gain. That tells that my hunch may be correct and that money coming out of AOL, AMZN, and the other money-losing internutz are looking for a home in "safer" internet plays that are making money. Those who lost money in AOL basically have a tax loss to deal with and are unable to repurchase that stock for 31 days. So why not park their money in the lesser followed by very promising Internutz. I think GNET may be due for an analyst upgrade soon, or iniation of coverage.. (knock on wood). Regards, Ron

To: The O who wrote (10903)	8/5/1999 10:03:00 PM
From: Augustus Gloop	Read Replies (3) \| Respond to of 28311

Not to be the eternal pessimist but in a flash we could see all the great upside of today vanish before the bell if the unemployment report is bad tomorrow. I wanted to buy more but I think we had all better keep some dry powder to follow up this stock if the floor drops out in the low volume weeks to come. You all know 101 loves this stock so with that in mind see if you can understand my thought process before you flame me. 1) August is always a low volume month. This leads to wild fluctuations in stock prices. 2) The 3rd qtr. is usually rotten for techs 3) We have rate jitters 4) We have y2k on the brain…it may be overblown but it's still an issue. 5) Most of us remember last years a$$ kicking and don't want to repeat the same mistakes. So, keeping those things in mind I think we all need to be a bit defensive until the picture gets clearer. Conclusions: 1) Keep some money handy to chase this gem 2) I'm going to kick Sarkie's butt on the golf course 3) Don't get too bummed if we go back down and test 46 again. Random thoughts from 101 Go GNET