To: Al's Fun who wrote (14535 ) 12/4/1999 4:56:00 PM From: HO-MEE Read Replies (2) | Respond to
Some of you people are ridiculous.....Gnet was THE #1 performing NASDAQ stock for the most of the first half of this year.....GNET is up over 800% over the past 12 months.Go2net does not have ANY investment banking relationships so therefore they lack a buy rec. from a Morgan, Goldman,Merrill etc. When the anayists at these firms are working with the investment banking side, they are pursuing FEES, FEES,FEES. Go2net therefore is left out of the coverage side of the equation. Go2net earned 12 cents doubling the street est.for the last quarter and the stock has gone up 19 points since then.When the institutions are throwing $ at a sector, they listen to what the anayists tell them to buy.Fidelity has DRAMATICALLY increased there ownership of GNET shares over the past 90 days(I think we would all agree that they are not dummies). Watch what happens as the quiet period for Charter ends today...next week you will see a slew of buy recs.( for Charter) and then I believe good things will happen for GNET.Remember, all stocks do not go up at the same time,just ask IBM shareholders before Gerstner took over.If you need instant gratification,buy RHAT,BRCM,ARBA and the rest of the "speed" stocks, and then pray the music doesn't stop and you are left holding a big LOSER.GNET makes $, has $285 million in cash, has the #2 RICHEST MAN IN THIS COUNTRY BEHIND THEM,and is run by a 32yr. old genius that has gone against the way most firms are do business, and without virtually any institutional ownership has seen the price of GNET go from an IPO price of $2(adjusted for 2 splits this yr.) to its current price of $77. This is not bad in my book, I will keep betting on a winner like Russ Horowitz and his incredibly talented Go2net team. Keep the faith and don't worry about the day to day micro-management of the stock price-look at the future, its AMAZINGLY BRIGHT!!!!!!.
