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


To: silversoldier a/k/a SI Sy who wrote (17945)3/30/2000 11:57:00 PM
From: brk  Respond to of 28311
 
Thank you Thank you Thank you.......that is exactly what I was thinking Sy and you stated it so eloquently for me. :-)



To: silversoldier a/k/a SI Sy who wrote (17945)3/31/2000 12:12:00 AM
From: Greg S.  Read Replies (1) | Respond to of 28311
 
Sy, I truly enjoy your posts.

As for how those numbers work out .. That's why I love SI - everyone here can teach you something. Imagine being surrounded by people who put up $200 to be members of a stock board - they are all either millionaires or damn good fakes. ;)

By the way has anyone been watching Metricom (MCOM) recently? Let me tell you, THAT one looked so juicy this afternoon (55% or so off its high) I couldn't help myself. I wonder if they and Go2Net are going to announce any wireless partnerships given the Paul Allen connection .. that kinda stuff is overdue for GNET don't you think?

Cheers ..

-G



To: silversoldier a/k/a SI Sy who wrote (17945)3/31/2000 12:23:00 AM
From: trouthead  Read Replies (1) | Respond to of 28311
 
Arithmetic? Bad adding is what I call it. You are a whacko. Please stay at least 7 feet away from me at all times.

Thanks,
jb



To: silversoldier a/k/a SI Sy who wrote (17945)3/31/2000 12:44:00 AM
From: Dr. Zax  Read Replies (1) | Respond to of 28311
 
I vaguely seem to recall rampaging up saying that he had purchased 5000 shares of GNET in the low $80s today. Let us say he meant $82. Someone else said he/she once bought GNET shares at an average of $8. In turn, rampaging up retorted that his average price for all his GNET shares was less than that other person's average price. Here I become confused. Can you help me with the arithmetic?

Hi folks,

I couldn't pass up sinking my teeth into this little math question. I call to my aid algebra:

To calculate basis: (total cost)/(total shares) == basis

To calculate total cost: (5,000*(recent purchase price -- I used 80) + (X*(estimated previous basis)) where X is number of old shares.

total shares is 5,000 + X

plugging in the numbers if the old estimated basis is 5, he has 125,000 shares to have a basis of 8. This is a total investment in GNET of $10,000,000. With an old basis of 3 he has 77,000 shares. Now, if his new basis is less than 8, let's say 6, and his original basis was 5, then he has 375,000 shares. With 370,000 shares, 5,000 is a drop in the bucket. One rich dude!

Still long.
#10
Dr.Zax