To: Jim Willie CB who wrote (31434 ) 8/31/2000 9:48:07 PM From: Jim Willie CB Respond to of 35685 two gaps to lust for significant profits (upcoming) minimal discussion here on fundamentals here CNXT: Conexant in the wireless component niche in midJuly shares gapped down from 50 to 40 news of increased R&D expenses and two acquisitions officials warned of reduced Q4 earnings share price descended to 30, touching 28, before rebounding perhaps technically based, short covering, whatever went up to 40, came back to 18day MovAvg at 37 current price in last couple days varied from 35 to 37 if and when the price pushes above 40, a windfall might occur the gap it fell thru in July, it might rise thru in September I see a possible rapid runup to low 50's from here at 37 could be a clean 35-40% shorterm profit NOW INSP: Infospace in the wireless software niche in midJuly share price gapped down from 48 to 37 news of acquisition of Go2Net and 25% dilution with new shares but Go2Net will be accretive to earnings, with growth they are even licensing SI software to other firms share price continued down to 30, bottoming at 27 prices stabilized for almost a full month once price rose above 30, it jumped up with buying strength we didnt see any pullback until today, after hitting 41 the 50day MA is right around 39 the pullback today was from 41 to 37, closing at 39 we are at the doorstep of the gap NOW the gap it fell thru in July, it might rise thru in September I see a possible rapid runup to low 50's from here at 39 could be a clean 30-35% shorterm profit NOW ------ I wish I had followed my buddy in RhIsle who got INSP at 30 I did jump in for some CNXT today each has low risk, large potential caveat emptor, jackasses / Jim