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


To: KLP who wrote (12444)9/28/1999 7:50:00 PM
From: truth  Respond to of 28311
 
KLP the sources are me I am a trader, and watch GNET all day everyday. I have been long the stock since the beginning and have been buying shares recently. Last week when I had mentioned there were some very large sellers I didn't pay attention as to who was selling but in the last week as the big internet stocks have been moving I wanted to see why GNET hasn't rallied at all. So I have been watching NFSC everyday sell a lot of stock. NFSC is owned by Fidelity. I don't know if it is Fidelity selling or someone else who uses NFSC as a wholesale MM but they have been selling everyday. Also today at the end of the day when we had quite a bit of buying come in when the market was screaming up MLCO who is Merrill Lynch was competing with NFSC to sell stock. I was just trying to see if anyone on the boards has heard or knows of an institution or who is coming out of a position. Because I think you would agree with me that the performance of the stock over the last 45 days has not been all that great when some of the bigger names have really rallied hard.



To: KLP who wrote (12444)9/28/1999 7:53:00 PM
From: truth  Read Replies (2) | Respond to of 28311
 
When I say unloading like crazy I mean for someone to be selling everyday for a week is quite a bit. If there wasn't this one or two very large sellers this stock would have definitely rallied with some of these other stocks.



To: KLP who wrote (12444)9/28/1999 7:54:00 PM
From: playavermont  Read Replies (1) | Respond to of 28311
 
An update with regard to the sectors performance...

The link below is a summary of net stocks and there percentages off their all time highs as of August 25, 1999.

Message 11067463

The following is an update as of today:

GNET off 36%

AOL 37%
YHOO 24%
EBAY 41%
AMZN 40%
CMGI 40%
ATHM 61%
DCLK 35%