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

To: Hawkmoon who wrote (22815)	12/15/2000 10:17:14 AM
From: silversoldier a/k/a SI Sy	Read Replies (6) \| Respond to of 28311

Ron, when I turned on my trusty real time streaming portfolio, courtesy of SI, and saw INSP break below 10, I immediately said to myself, sub silentio of course, "Ron Reece predicted this might happen. I wonder what he will say," Now I know. December 15, 2000 is starting off like another Black Friday. Microsoft's warning didn't help, in fact, it may have precipitated the rush to sell today. If selling continues at this pace it may become the largest trading day on NYSE and Naz in history. By 10:00 more than 470,000 shares on the former and more than 530,000 on latter. Some of this may be explained by what I heard was triple witching day. December 15th is an ominous day in American History. When I was born, oh so many years ago, it was Income Tax Day. Naturally, it also is my birthday. Oh well. Easy come. Easy go. Have a good day everyone. I remain [ever so] cautiously optimistic about the remainder of the day. My motto will be, "Whatever comes down must go up, in defiance of the law of gravity." Sy

To: Hawkmoon who wrote (22815)	12/15/2000 11:23:47 AM
From: The O	Read Replies (1) \| Respond to of 28311

Well... it sounded good when she wrote it: December 14, 2000 StockHouse News Desk By Yola Edwards (yedwards@stockhouse.com) StockHouse Columnist Technical Analysis: InfoSpace May See Short-Term Rally Volatility needs to come back into the basing stage before the stock can sustain a rally to take it back up to the $30s. Toronto, ONT, December 14 /SHfn/ -- Technically, oversold shares of InfoSpace [INSP] appear to have formed a double bottom and possibly the beginning of a bullish "W" formation. InfoSpace could rally over the next week, even in the face of a recent downgrade by Merrill Lynch [MER] analyst Henry Blodget. Unfortunately, momentum has really died in this stock. Volatility needs to come back into the basing stage before the stock can sustain a rally to take it back up to the $30s. On December 13, two days after the downgrade, INSP reiterated that fourth-quarter earnings are expected to come in on track on December 31. InfoSpace established itself by providing national yellow and white pages directories on the Internet. It is now the leading global provider of infrastructure services for Web sites, merchants and wireless devices. Its content includes maps, classified ads, news, stock quotes, music and television listings. Eight of the top nine wireless carriers in the United States are InfoSpace clients, and its affiliate network consists of more than 3,000 websites. The stock could be poised to take a quick, short move to the upside to approximately $15.80. Mr. Blodget downgraded the stock to a "near-term accumulate" rating on concerns over InfoSpace's wireless operations, and the company's need to sign commercial agreements with major international carriers. Technically, it appears that INSP has completed the four basic stages in a technical trading cycle and could now be back in Stage I, the basing stage. However, this stage could take weeks or months to complete. On the positive side, InfoSpace has recently been trading close to its 10-day moving average, suggesting the stock could be poised to take a quick, short move to the upside to approximately $15.80. The extremely oversold, stochastic level also adds support to a short-term rally theory. Another positive is that the stock's rate of descent has slowed, allowing it to trade in a more orderly sideways fashion as it tries to build a base. However, INSP's stock is still trading below the downtrend line, which currently measures to the $22 level. InfoSpace would need to get above that to reestablish a long-term positive bias. Fundamentally, First Call estimates InfoSpace's fourth-quarter earnings at $0.01 a share compared with $0.05 a share in the same period last year. Seven analysts expect fourth-quarter revenue of $65.7 million, up from $14.9 million last year. The purchase of Montreal's privately held Locus Dialogue in a stock transaction valued at US$112 million as of November 6 is expected to cut $0.01 a share from INSP's earnings in each of the first three quarters of 2001. S.G. Cowan analyst John Graves applauded InfoSpace's purchase of the Canadian company as "forward-looking technologies investments." The purchase will bring speech recognition capabilities to InfoSpace's existing wireless applications and services, including phones and other personal devices. Graves rates InfoSpace shares a "strong buy." On December 12, Wedbush Morgan Securities analyst Scott Sutherland also reiterated his "strong buy" rating and $80 a share price target. For investors with long-term and forward-thinking strategies, InfoSpace could prove to be a valuable portfolio investment.