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

To: Vendit™ who wrote (20537)	8/3/2000 8:37:20 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 28311

The stock is still short term bearish technically but moving into an over-sold condition. Definitely bearish from looking at the stochastics and MACD. The Williams% can remain oversold for quite awhile so I look for confirmation from the Stochs and the MACD to see if we have a bottom being put in. But again, since INSP is dragging this stock down like a full load of Iron Ore on the Edmund's Fitzgerald, any move by INSP to the $20 level (god forbid!!), and GNET will easily print $40 and probably $39. siliconinvestor.com siliconinvestor.com Yes, contrary to some opinions, technicals on an acquiring company's chart IS/SHOULD BE something that must definitely be considered when entering into a merger/acquisition, by both sides. Obviously INSP's stock currency was inflated and despite the very positive fundamentals of GNET's financial situation, we'll continue to suffer until the market perceives that INSP's valuation has sufficiently deflated as to offer an appropriate risk premium for taking on a position and supporting INSP's stock price. I feel very sorry for recently hired INSP employees who will require some time before their stock options will once again be above their strike price. And heaven forbid that more dilution occur where Jain/Sarin offer and additional options incentive package at far lower stike prices as MSFT recently had to do. On the other hand, if INSP is able to capture the revenue stream that they claim is possible from their wireless agreements, then over the long term some of us may consider that this stock was a steal at these prices. However, I'm very uncomfortable with how Jain has presented INSP's stock price. It strikes me that by comparing his company with CSCO, MSFT,.. etc, that he has been engaged in overt self-promotion of his stock. This has lead to the overinflation and dilution, and tends to explain why he was so interested in capturing GNET's earnings and cash stockpile. In the end, I hope this all works out for the better. Regards, Ron