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


To: tahoe_bound who wrote (17341)3/4/2000 5:40:00 PM
From: tahoe_bound  Read Replies (1) | Respond to of 28311
 
GNET weekly comments from Security trader

These guys have an impressive track record, and quite a large following. They are mainly geared towards the technical analysis side.

Here is the weekly quote, excluding the weekly chart that has trend and symmetrical triangle lines drawn in:

"Kind of like watching paint dry...50 Day MA capped GNET this week, but... this is still a very explosive setup for GNET, breakout now 96."

Here are the comments on the bottom that are there every week.

12/3/99: initial post -
This is a HECK of a pattern forming. As I said 2 months ago, INKT & GNET have almost identical patterns, both of which point towards a major bullish move. The MINIMUM measurement for this pattern will take it up to the 150 area and there is a chance this sym tri is only the 1/2 WAY POINT meaning the measurement may be waayyyy up there. I would start feeding this now...in fact longer term traders should have started feeding this a couple of months ago when the nets reversed . Because this is a LONGER term hold, there is no reason to get panicky if things go a little haywire. Many members who said they were 'long term' buy & holding INKT & OMKT ended up bailing -- for whatever reason -- and missed the runups. That does-NOT make sense. If you're long term you HOLD this & INKT. That is part of the risk of buy / hold or longer term. You have to take it on the chin during certain periods. Either you're long term or you're not. You must make up your mind before the fact. Dont get stuck in between...won't work.