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

To: Cheeky Kid who wrote (15834)	1/12/2000 8:59:00 PM
From: New Dog	Respond to of 28311

The guy could have been one HECK of a stock broker!!!!!!

To: Cheeky Kid who wrote (15834)	1/12/2000 11:26:00 PM
From: Hawkmoon	Read Replies (3) \| Respond to of 28311

"Do Not Be Overly Fearful or Negative" This is great wisdom for those shareholders of stocks who have lagged beneath their 200 day moving average for months on end. It does not particularly apply to shareholders of companies with P/E's in the high triple digits (some quadruple depending on if you are using trailing or projected earnings). We've have all been complaining how GNET should more closely approximate the valuations of other I-nutz. The problem is that when those other I-nutz' valuations are called into question and dumped, the market lumps GNET in with them. GNET must make a new high ($115+) as a result of these quarters earnings or we're probably in for another lamblasting like we endured late last May and months of consolidation until the internet sector makes a bottom (usually around late March). This thing to watch is the US dollar index. It is at a crucial point here according this this chart and analysis: futures.tradingcharts.com There is a convergence of the downtrend and uptrend lines and it should break hard one way or another. Given that Greenspan is bent upon draining the excess liquidity from the financial system, the fact that bonds continue to struggle to find a bottom, the overvaluation of the internet sector, MSFT turmoil with the Feds, AOL's high-priced demotion of Steve Case, and MOST OF ALL, the fact that Y2K did not cripple overseas economies as expected, everything seem to indicate that money is preparing to flow back to the peripheral economies and out of the US markets until the Fed has finished their rate hikes. However, on the upside, the second half of 2000 should bode well as we draw closer to the elections and the Fed takes a hands off approach. In the meantime, AG will do what he needs to do early this year so that he isn't blamed for interfering in US politics during the fall. This nice thing about all of this is that we might FINALLY begin to see the broader market and value plays outperform the "nifty fifty" and the "four horsemen". Just my opinion. Regards, Ron