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


To: New Dog who wrote (12859)10/14/1999 12:54:00 AM
From: jon zachary  Read Replies (1) | Respond to of 28311
 
i hate to say this, and i am surprised nobody has as of yet. this stock just hit extremely bad technical levels. stochastics point down, we closed under both moving averages, closed under support at 60, macd down, momentum down. this is a perfect short here.

dont get me wrong, i have held gnet for over a year and a half now and it is my biggest holding. but, the next support level is 45 to 50. which is a big support level. 70 was key to break through, but we didn't. a great short term and long term trade will present itself shortly being that we are heading into earnings which always presents a run-up. although we can not split at these levels, the christmas season anticipation should bring a strong internet rally. if gnet gets anywear near 50 or under im jumping all over it again.

good luck to all..

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