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


To: Steven R. Michaud who wrote (17385)3/8/2000
From: faqsnlojiks   Read Replies (1) | Respond to of 28311
 
GNET looks great right now from a Point&Figure perspective. On a 1-box chart, GNET had a double-top break as well as a break through the BRL (a line of resistance). This occurred when the stock climbed to 90...no biggie that it pulled back a bit from there, as it's been my experience that this is common. Nice to see some volume today too.
But I don't usually use a 1-box chart when viewing GNET due to the volatility of this stock. A two-box chart is more appropriate here in my opinion. Good news here too! On a 2-box chart, GNET today created a Bullish Triangle as well as a break of the BRL. Both good bullish indicators that we should be seeing higher levels soon.

Good Luck!

-Joe



To: Steven R. Michaud who wrote (17385)3/8/2000 8:48:00 AM
From: Dr. Zax  Read Replies (1) | Respond to of 28311
 
Steven,

What are you? ... a short???!!! just kidding.

Let's be careful with our whisper numbers. Remember sites like whispernumbers.com get their garbage numbers by reading message boards. The higher the whisper number is the more expectation there is. The more expectation for higher than reasonable numbers, the more the stock will drop on reasonable numbers, and the less it will rise on exceptional numbers.

If you remember from last quarter there were actually some people saying this quarter's number would be lower than last's because GNET becomes a taxable organization this quarter. I am looking reasonably at .14 and optimistically at .16 [of course I've been low on every call so far ;)]

We are all tired of this trading range, but it will be broken, and it will be broken to the upside. In the end we will probably just get purchased outright by Paul Allen anyway.

As for charting on GNET. GNET defies almost all charting. You can use the basic stuff like 200 DMA and 50 DMA but anything short term like 10-50 DMA or local momentum are absolutely useless with this stock. It's not even worth the time to chart it. Choose something to chart with more volume. Sorry to all you TAers out there... just my thoughts on this stock, it works great for other stocks.

Dr.Zax