Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Hawkmoon who wrote (20521)	8/3/2000 10:38:30 AM
From: MJ	Read Replies (1) \| Respond to of 28311

A little while since being on board. Just checked on INSP---not a good chart! It seems to me that the merger is the wrong way. GNET should buy INSP not INSP buying GNET----why, because to me GNET appears to be the stronger company. Everything in market taking a toll today-----may not have seen the last of this "bear" market. mj

To: Hawkmoon who wrote (20521)	8/3/2000 3:33:14 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 28311

Well, we printed $49 5/8 on GNET today as the anchor that is INSP has us struggling to keep our heads above the "surface" of the $46-49 support range on GNET's daily chart: siliconinvestor.com Now the question is whether that support line will assist in providing the support that INSP requires before it can bottom and trade upward again. Note that the Bollinger Bands are tightening a bit on daily chart suggesting that big move may in the offing sometime soon. Hope that it's not to the downside as that could/should place further downside pressure on INSP. If that should occur, I would fear that even $25/share wouldn't hold on INSP... and that would be extremely UGLY. Apparently the street is being a bit cautious about stepping in and supporting the stock, despite the road show. On a positive note, today's action in the Nasdaq is pretty encouraging. If this action holds and we end in the positive or close to the neutral, it could signal a short to intermediate term trend reversal to the upside. It also should plot a nice "hammer" on the daily candlesticks. siliconinvestor.com It also helps that the Treasury is buying back over $200 billion in treasury debt, pumping more money into the economy. I expect that Clinton will probably encourage Summers to continue this buyback agressively in order to boost the performance of the market and thus, support for his underling, Mr. Gore. NOTE: INSP just printed $27 7/16. Regards, Ron