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

To: Dr. Zax who wrote (17552)	3/16/2000 12:26:00 AM
From: brk	Respond to of 28311

Please Doc...no talk of earthquakes. I have to drive on the Alaska Way Viaduct occasionally.

To: Dr. Zax who wrote (17552)	3/16/2000 3:39:00 AM
From: tahoe_bound	Read Replies (1) \| Respond to of 28311

Dr. Zax You said: "I kinda think you all are a bit greedy. The chunk of this stock that I purchased about a year ago is up 25%... even after the downturn earlier this week. now, come on. 25% in a year is very very good. This is more and more a value stock. If you truely want a [justified] double in the next couple months go somewhere else. I am happy if we just plod along and I am at a 50% gain by the end of this year." Well, congratulations... not everyone is up like you! I don't think its greedy to want to at least be break even. There are probably more than you realize on GNET that are down or breaking even, having bought around this level or higher since this is the area where it has spent the majority of its time over the past year, all while the nasdaq has tacked on a few grand. Sure, a 25% return is very good, as is 250% like on any given tech stock since December, but on the other hand, being down about 30% from the high point after stellar earnings may not be so hot if you were one of the unlucky ones. (I am relieved I am not quite THAT unlucky) Im not so sure you really want to start labeling this as more and more a value stock instead of a stock of a high growth company. First of all, Graham and Dodd aficionados would laugh that one right out of the door based on their rigorous valuation standards. Secondly, value stocks have had an ugly stigma attached for some time. In the eyes of many internet/tech investors who have made out like bandits the last few years, and GNET is still a net stock last I checked, so-called value investing is just a convenient and synonymous excuse for underperformance in many cases. If you truly want a justified double... well, then how about an UNjustified one! Or even partly unjustified, like the run up it had last March. A plain old breakout on heavy volume would suffice for me. A double is not necessary, if GNET stock even did a quarter of what so many others have done % wise, it would be tremendous.