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


To: grogger who wrote (13891)11/8/1999 2:16:00 PM
From: KLP  Read Replies (2) | Respond to of 28311
 
Hi Mr. grogger.....When you go back through the GNET posts,
you will see that it's not at the high, and most probably this is the best buy GNET is going to be .....Also when you check the history, you will see just why it is such a good buy....
KLP



To: grogger who wrote (13891)11/8/1999 2:18:00 PM
From: GraceZ  Respond to of 28311
 
So you're saying someone on SI is moving the stock?

This guy Prigle has his own website where he makes investment conclusions (hesitate to call it "advice") I don't have the link handy, it's posted on AOL or ATHM thread. He comes on SI occassional to spam his site. His research gets posted around SI....mostly by the AOL and ATHM longs looking for a move. I think his methods leave a little bit to be desired and may even be viewed as pushing the definition of legal.

As for GNET at these levels, I'm long this stock since 25 and I added at some levels that are higher and some that are lower than here. You have to ask yourself, if it drops back to 65 next week, will you be adding more or selling at a loss? What is your long term objective? I like the company and think that they are one of the best long term plays around. Meanwhile the short term money is gonna try to shake you out of your stock. If they sell and it tanks, you want to cut your losses, if they buy and it soars you want to "lock in the profit". If you are a long term investor, you have to fight these urges. Nobody ever got rich scalping 3 points in a bull market.

The guys who got rich buying DELL and AOL are the ones that bought and held. The guys who jumped in and out had them run away from them. I tried timing my way in and out of BVSN earlier this year. It was good for 5-10K every time I was in and out. Pretty good money until you realize that it is now more than 3x the level I last sold it, just a few months ago.

If you are worried about the short term price movement, make smaller buys over a series of days. I think that GNET is going to move with CHTR and then after that brew-ha-ha dies down the stock will retreat a bit, but the long term movement is up from here.