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

To: Pareto who wrote (18594)	4/20/2000 12:49:00 PM
From: tahoe_bound	Read Replies (3) \| Respond to of 28311

Pareto Your comments are very well taken. Unfortunately the market does not care, and it is the cold and calculating judge. Re: Inktomi. They and GNET had nearly identical chart patterns up until December. Re: Yahoo Sorry to mention the "coverage" thing again, but it is interesting to note that before they really took off, in early 1998 they were covered by: Salomon, Merrill, Gruntal, Rob. Stephens, M. Stanley, Chase, Lehman, Hambricht Quist and much more. Big names and true shakers. That alone did not give them the "panache" to be the top dog, but it certainly did not hurt. I am sure if they had to pay any fees or ransoms to seek coverage (attention) Yang and Filo do not go to bed at night now bemoaning the fact that they had to do so against their principles. The main thing now is that there is no way around the stock price being in major and serious danger. At the current price it will now take a 100% gain to get back to last months high, in the face of a hostile Fed and change in investor psychology where extreme valuation concerns are overriding. This is why I was so outspoken a few months ago when there was no breakout for GNET along with Inktomi and the others, you could just sense a big tech correction coming in the spring or summer when there was no one left to buy as everyone had already piled in them no matter what the cost, and when GNET stalled with declining volume it was an ominous sign that it was vulnerable to being taken out and shot with the rest when the time came. No one should kid themselves that just because they have lost big on paper it is not really a loss, because you really have no assurances whatsoever that last months highs will be back anytime soon. For those who are still smugly way ahead, of course there is much less concern. However, that may change some as the "trading range" between 45-100 I assume you meant could very well get broken to the downside, especially after the earnings season in May when there is really nothing left to hold up the techs. I would not call being down 60% from the top hovering in a trading range, but that is a matter of opinion. My analysis shows a very real possibility of the nasdaq going back to where it was in October '99. Then there may be fear comparable to 1998 which there just has not been there even last Friday. I don't think many will be pleased at where GNET would be in that scenario compared to where it was in October '99, since it is already threatening to break even more long term support. That would definitely put a crimp on acquisition plans. The lower you go, the harder it is to make up and the longer it takes generally to make up for lost time, and then hope becomes just another excuse for underperformance. Sure that may sound impatient, but at least large caps like Cisco don't have that worry right now as they have very high relative strength to the market and not the opposite. Sure, company growth will probably reach a critical mass, but it does not automatically mean the stock has to follow since many consider tech and internet valuations to be still way above historical norms. GNET stock is a hostage to the market, and a victim of negligence and non recognition. More so than necessary.