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

To: Carolyn who wrote (15119)	12/18/1999 8:08:00 PM
From: HO-MEE	Read Replies (2) \| Respond to of 28311

Well there is some theory to the notion that we are in a bear mkt., at least for Nasdaq stocks, here is why........Even though the Nasdaq is +70%(approx.) ytd. there is an AMAZING 64%!!!!!!!! of Nasdaq stocks that are down on the year. The big boys are having an absolutely incredible year while the majority of the stocks are not having a Merry, Merry Christmas( hopefully Mark"the tremendous putz" Haines owns the 64%)

To: Carolyn who wrote (15119)	12/18/1999 8:27:00 PM
From: MJ	Read Replies (1) \| Respond to of 28311

Carolyn F Yes, I would agree. New lows exceeding the number of highs on a daily basis and ever increasing in the percentage of stocks traded can signal a turn in the market. However, in reading any indicator one must look at the whole picture and not read an indicator partially or in isolation to other indicators. I suggest that you look at the whole theory on highs and lows and bear markets. For a reference on the low and high theories---refer to yes--a BOOK in the local library GRANVILLE'S KEY TO STOCK MARKET PROFITS PUBLISHED IN 1963. This is I believe the best understandable technical book written about the market. There are some stocks that have been backing and filling for several years on the downside. Some will go out of business, while others will recoup and build a base to rise again---or when some piece of research becomes known. There are other stocks which have been trading in such a narrow range for years that you wonder when and if they will ever do anything---these are often the ones that become the leaders when a bear market is over----because they have been basing for years. Envision a violin----and the musician playing the same two or three notes for years with a sudden move up and then to a crescendo. These are the kinds of stocks to look for in a bear market---those which have already done the work to rise up. For a bear market to be a possibility in the high flyers, some of the money must begin to flow out into the rest of the market---rotation of money. Such a flo doesn't have to be dramatic, it can be very subtle as a little selling takes place in the higher priced stocks with gains. If the the "smart money"(whoever the smart money is now days) decides to sell the high flyers, then we would have early distribution which could presage a bear market in the given stock. If enough people do sell, then yes the high flyer could be in for a significant downward correction. If the stock truly has something to offer---it would be only a correction. The internet is the new frontier, just as communications was in the early 70's and 80's. In a larger sense we are still in the new frontier of communications. Wireless is now here---the Dick Tracey comics of previous years. And, SI is a part of that new frontier. There will be a shakeout in my opinion as the technology matures with those companies unable to perform or adapt being either merged or left to bite the dust. Because we are into a worldwide market now with billions of shares traded daily, I am not certain that the old paradigms apply. I tend to think they do--- that the goldrush mentality of the 1800's in the USA is where we are in the internet stocks. The question who will be left standing. GNET is obviously making a major effort to be one of the final ones. mj