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

To: Pareto who wrote (15767)	1/11/2000 1:13:00 AM
From: Dave Krishna	Read Replies (1) \| Respond to of 28311

Hi Pareto, <<2. the day some on the thread start complaining, stock is at a low point and may start moving again.>> You make an excellent point as I have also noticed this with GNET. Whenever I am tired of watching it stay in a trading range and sell some trading shares, the stock rockets ahead. I am now at this point again and I have to agree with a lot of what jon z is expressing. Although he should not take it out on fellow posters. I did expect GNET to move out of this base by now. It seemed as it was set to do so. We have had a 30% correction from the intraday high of 111 as the Naz has steamed ahead. Not exactly comforting and not exactly the handle I wanted to see with the cup and handle I thought was forming. The only saving grace (and it is significant) is that all the declines have been on lower volume. The problem is, now there is no volume ! Have you guys seen the spread on this stock intraday ? It is well over a point and half sometimes. Few sellers and now fewer buyers. We are definitely at a crossroads here and the story will unfold over the next week. I fear that the market knows something we do not. Perhaps GNET is making a major acquisition and therefore the big money is waiting for the drop or perhaps earnings are not as great as a lot of posters here think. Or maybe this is a handle and it is just the last weak holders selling out. The proof is always in the volume. That being said I have to believe that we will start moving up soon. However, I do think we should keep these earnings estimates to ourselves. I have seen too many stocks get crushed because they didn't hit the whisper number. JMHO. Regards, Dave