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

To: Vendit™ who wrote (20542)	8/3/2000 9:37:29 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 28311

Didn't I just say that? Well, actually there are differences. You seem to be doing your TA explicitly on GNET, or at least your not mentioning INSP as the cause of such a decline to $40. I really am not looking at GNET's chart anymore except as a confirmation on my TA on INSP. Since I'm focusing on trying to discern just where INSP might eventually find support, I stated that GNET could EASILY print $40 or lower if INSP can't hold $25/share and generate a volume reversal at that price. And just as I felt yesterday that we were likely to break down to $49-50 on GNET based upon the likelihood that INSP would not hold $29 15/16, I'm speculating that INSP may drag it down further through GNET's major support levels triggering a panic sell-off in the stock. As I recall, you were suggesting that GNET would hit $53, wherein I expected more downside based upon INSP's current inability to find support. GNET, if analysed by itself, without the albatross that is INSP, around its neck, could find support at In fact, it may require that kind of arbitrage play, where GNET shareholders sell off their positions for a loss and subsequently buy INSP to remain "involved" in future upside. And lordy lordy, I hope that I don't see that sell-off. But, I would imagine that speculative institutions would like to see the potential for a 50-100% return on any position in INSP, and that would suggest 1/2 of $43/share, the former major support, and now resistance level.... ie: $20-32/share (and broke through that 50%, or $32/share, level pretty easily). Also, I completely agree with you that what is said on this message board will have no bearing on whether or not this merger goes through. The only ones who can stop it are the ones who started it, by mutual consent. Regarding the options, I was referring to the strike price of those options issued to recently hired employees blinded by INSP's stock performance last spring. I'm absolutely sure they were issued at far higher strike prices for most recent hires, thus it will be a long time before they see any merit on exercising them (since they have to pay the actual strike price to take delivery of their shares). However, I agree that LEAPs on INSP and GNET may be the best way in which to play this merger as soon as we see something resembling a bottom. They should be getting pretty cheap by now. Btw, mega-Congrats on your being nominated as SI's TA expert!!! Regards, Ron