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

To: levy who wrote (13794)	11/4/1999 6:03:00 PM
From: truth	Read Replies (2) \| Respond to of 28311

Like I said I am still long the stock and still beleive in Russ and the future of GNET, but the fact is there is to many shares out there and not enough buy side interest from major firms to give the stock its proper valuation. If this stock had a major investment bank behind it and a large block of stock became available for sell the bank would cross the stock themselves thereby not putting any pressure on the market. All I am saying is for my risk capital that I trade with there are many better trades than GNET. I still think the stock is a great long term investment. I don't see any large sellers at the 70 level. What I see in my opinion is there are a couple of very large players who can control and manipulate the stock price to do whatever they want. If they don't want it to go above a certain level they hold it and stop the momentum. They play games to stop momentum like showing 100 shares to sell and sitting at that price and taking each order 100 shares at a time. When they do this they can completely stop the momentum of the stock. I just don't like watching the control of the stock it is not trading freely as it should. If this stock was trading freely and didn't have a couple of big players having their way with it IMO the stock would be in the 80's right now. Once wall street is involved these players will move on to the next stock they can play with and do their thing again, but until then I beleive the stock will continue to act the way it has been acting, which is big movements when there is an event, and that is it. I didn't have a change of heart I just took my trading money off the table.