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

To: Sarkie who wrote (13106)	10/21/1999 5:15:00 PM
From: Sleeper	Read Replies (2) \| Respond to of 28311

Sarkie, I saw that this morning- $64 12 month price targethttp://cbs.marketwatch.com/archive/19991021/news/current/ratings.htx?source=blq/yhoo&dist=yhoo I am still searching for the complete write up. Anybody found it yet? Sleeper

To: Sarkie who wrote (13106)	10/21/1999 7:12:00 PM
From: truth	Respond to of 28311

Jeffries and Co. is known by many wall street professionals as being one of the largest short houses on the street. As I had talked about in my previous posts I believe that in the recent weeks someone has put on a very large short position in GNET. That is why the stock has acted so badly. SBSH, Smith Barney has just recently, yesterday, registered as a market maker in GNET. In my opinion Jeffries and Co. is involved in this short position, and knows that with SBSH making a market 1 week before earnings are released that he is possibly going to be a big buyer of GNET. So how do you keep a lid on a stock so you can cover your short position, come out with a bogus hold rating with a price target that is significantly lower than the well respected names covering the stock, so if there are any weak holders left in the stock you can buy it from them to cover. Notice the large block trades today IMO these are some of the shares that are short being covered. Expect more covering as we get closer to earnings. The new short position is not out yet but I expect it soon and also expect the numbers to be up significantly from last month.