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

To: HO-MEE who wrote (19314)	5/24/2000 10:51:00 PM
From: Hawkmoon	Read Replies (3) \| Respond to of 28311

Big day for Gnet for all you TA fans.........A CLASSIC hammer for you Ron Reece.............big reversal on big vol. for the NASDAQ in general. Yeah, technically speaking it appears GNET is set for a take off. siliconinvestor.com siliconinvestor.com We are developing a VERY NICE Bollinger Band pinch on the daily chart, and god willing the buying volume continues to increase over the rest of the week, we could catch a 10-20 point move before all is said and done. We have 4.9% short interest, $2 Trillion parked in money market funds, extremely oversold conditions, and we just passed the PNTR in Congress (which will suredly pass in the Senate and be signed by the Commander in Thief). That gives the market enough reason to provoke a bit of a short squeeze this week. However, it may not be enough to prevent lower levels later this summer. However, I was spoofed by the "hammer" reversal I thought we had put in earlier this week and tomorrow could lead us to lower lows. So much of this market is now event driven where any bad news keeps the buyers on the sidelines and the sellers bleeding the market slowly but surely. We need that reason to buy.. But I don't think we'll see previous highs by the end of the year and there is going to be a lot of tax loss selling this year, I'm afraid. Hope I'm wrong. Regards, Ron