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


To: KLP who wrote (25344)2/23/2001 6:04:46 PM
From: Hawkmoon  Respond to of 28311
 
Oh I think you know enough about stocks that you realize the only thing that firmly puts a bottom in a stock's price is when insiders and the company itself step in to buy back the shares of the company.

This has the effect of stating, "go ahead and sell and short this stock because we're going to buy up every share you sell".

That's the kind of message it will take to reverse this trend and send a strong signal.

Maybe Jain will read this and finally figure out that shareholders sometimes DO know what they're talking about.

I'm still angry at how Jain so foolishly announced INSP's earnings, and then destroyed any impact from them by adding that he was buying out GNET. That shows p*ss poor management of the company's stock and shareholder's equity.

That was just disgusting and I recall several heated PM between myself and BF on just this point.

Wish I could help you on the analyst ratings. I don't really follow them except for determining sell signals (when they put out strong buys.. :0)

Regards,

Ron