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

To: starpopper who wrote (20417)	7/29/2000 1:36:57 AM
From: Hawkmoon	Respond to of 28311

I fully expect to see us move SUBSTANTIALLY up from here before any further deals are announced! I wish I could share your confidence, but to be frank, I can't. The hammering the Nasdaq took today was extremely ugly and I strongly suspect that 3,500 support will not hold. There is a slim chance that 3,400 will hold since that the lower arm of the weekly bollinger band, but after that, the next step down is 3,200 and possibly the 3,040 level. siliconinvestor.com And that ain't gonna do any wonders for either INSP or GNET. INSP actually broke below $30 support today, although it seemed to rally later on putting in a semblance of a "hammer". But I'm not convinced and with the weight of further Nas declines, I suspect that $25 will be seen (I SINCERELY HOPE NOT). And that will take another 7-8 points off of GNET since the two are now joined at the hip. All I can say is that these companies are awesome with regard to their vision and potential. But in a nasty market, techicals rule the day and support levels are tested, and if broken, new ones developed after tremendous volume and volatility. Regards, Ron