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

To: Ron H who wrote (13757)	11/4/1999 2:47:00 AM
From: Ron H	Respond to of 28311

Another perspective on GNET's stock price. I own quite a few internet stocks and one of the things I've noticed is that while some have participated in the recent rally, none have set new highs. Here's a list of stock I either own or follow how far they are below their 52 week high. GNET (31.35) AOL (20.80) AMZN (40.51) VERT (13.34) RNWK (11.94) DCLK (17.61) GOTO (11.05) EBAY (45.54) CMGI (37.04) YHOO (25.97) PCLN (66.44) UBET (79.13) STRM (58.39) GNET has been in a trading range of between the low 50s and 70-71. When it breaks out of this trading range it should test its highs. I am convinced it will do both in the near future and that is why I own this stock and have bought calls. While many technology stocks (and happily I own some of the recent winners)are reaching new highs during this latest rally, I am not aware of internet stocks that are. I have been happy to see stocks like AOL GNET RNWK and VERT come back to life in the recent weeks but I recognize that most have some ways to go before they retrace their decline since April. A recent post put it this way, if you don't need the money, believe in the company and believe in the industry, stick with your plan. Take a look at QCOM's chart since 1994. It's annualized return since then is about 53%, however, from 1994 to March 199, it's annualized return is about 6%. All it growth has been this year. You would be holding a dog for a long time during a very bullish period if you were long QCOM since then. However, I believe you would be very happy today. What is GNET's return since inception? Yes, most of the posters on this thread are cheerleaders. What else should we be? If one wants shorts who continually drive down the company, they can go to yhoo boards. My thoughts, for what their worth (you get them for free) Cheers<VVVBG>