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To: Papillon who wrote (17030)	3/13/2000 3:40:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 17305

To tell the truth I tried to buy it today, but my price turned out to be the Low of the day at 85. Now I won't touch it unless I could get 76, unless things fall together in such a fashion that I would take a partial position somewhere. As with many of my stocks, I hit on it during an idle conversation; this time with a bond trader "who heard from a guy at another house that such and such at that house" and on and on. Typical rumor stuff. The only saving grace in all of this is that I sort of "know my source" because these guys are in the business. I've been buying stock this way for years; usually it works out. It's not as if I pick them from my gardener or anything, although I once had a nice positional trade in a stock called Servomation once as a result of the ChemLawn guy. Chemlawn is owned by Servomation and he was pumped up; it was sort of like listening to a Home Depot guy telling you about his company's stock. Made a lot of sense at the time. But usually I just rely on friends who are in the trade (business) in one form or another, much like discussing issues here on SS. The INAP discussion was based on an oddball situation which enchanted me, nothing to do with fundamentals or anything. Just a crap shoot a few people were looking at. They are in from lower levels though, the 60 dollar level or thereabouts. The stock appears so thin that it could be anywhere at any given point during the day, so any entry I may make is to be carefully controlled. I'm told the spread today was a much as 2 bucks from time to time. No rush to get chewed up by that sort of thing. I have to be invested in stock for the longer term, though. So when I have extra cash I start listening and then go in based on what I can find out once I get a story that interests me. Had I bought INAP at 85 I would have stopped myself out probably on a break of 70. I don't really care what a company does, I just care if the stock pattern looks sensible.

To: Papillon who wrote (17030)	3/16/2000 5:44:00 PM
From: Andrew Vance	Respond to of 17305

AV -- I did a little more research just now and have been looking at INAP as a new idea. Before printing anything about it, I wanted to make sure I fully understood the following. We knew this was happening and I wanted to see the fallout from it. Once it bottoms, we might look favorably in its direction. the only reson we might pass up on this is the price. we do try to make our original ideas and entries below $50 but should be able to raise the bar based on prior profit performance. After last year's run and this first quarter's perfromance, we might have a good case for raising the $50 level to $75 as part of our investment discipline. As you will see below, we have yet to determine the effect of the dilution that could affect the stock price. InterNAP Announces Partial Lock-Up Release SEATTLE, March 16 /PRNewswire/ -- InterNAP Network Services (Nasdaq: INAP) today announced that Morgan Stanley Dean Witter, the lead managing underwriter for InterNAP's initial public offering, will release approximately 22.2 million shares of InterNAP's common stock held by various shareholders from the lock-up restrictions imposed in connection with InterNAP's initial public offering. These lock-ups were previously set to expire on March 28, 2000. The 22.2 million shares represent approximately 16.7% of the total outstanding shares of InterNAP common stock. The shares related to this partial lock-up release will be available to trade, subject to applicable securities laws, no earlier than March 20, 2000. InterNAP's executive officers, directors and the selling shareholders in InterNAP's proposed secondary offering of common stock will not be subject to the lock-up release. Shares held by these executive officers, directors and selling shareholders will be subject to a new 90-day lock-up agreement that will go into effect when the secondary offering is declared effective. Separately, three private equity funds managed by Morgan Stanley Dean Witter Venture Partners, the venture capital affiliate of Morgan Stanley Dean Witter Private Equity, have agreed with InterNAP to vote all shares of InterNAP common stock they own in excess of 9.9% of InterNAP's common stock in proportion to votes cast by all other InterNAP shareholders. BTW - I just saw Patrick's next post and it appears he was a prophet of sorts. I am doing this real time so I am not sure what the next 20 posts are like. So if I appear to be posting redundant things, I apologize. I am responding as real time as possible<GGG>.