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

To: jmedved who wrote (25765)	3/30/2001 4:57:59 AM
From: tahoe_bound	Read Replies (2) \| Respond to of 28311

Living in the past You people can keep camping out on the banks of the River Denial all you want, keep posting 12-18 month old articles while scratching your heads wondering what happened all you want, it will not help or change history. Perhaps it is just an outlet for understandable bitterness instead of reminiscing, but all the shareholder sleuthing and investigative analysis has been and likely will continue to be for naught. This albatross is simply not going to pull a magic trick to get you back to a "decent" loss to save face, for obvious reasons, not to mention the further short and longer term erosion to go of the markets that you can definitely count on. Everyone made the decision to believe and trust in total strangers and their supposed grand fundamentally perfect plans, and most everyone still posting here apparently made the decision to gamble based on shaky promises while not setting emergency exit points ahead of time in case things went awry like this. There are some basic tenets of personal responsibility when speculating in markets, some of which include not getting caught up in a group frenzy, (example: "Gee, my online pals are all so nice, we all have so much in common, I would be betraying them if I sold, and he/she sounds so smart that the little voice in my head telling me to sell should just shut up") and cutting losses at a pre defined point whether technical, time based, or even when the subjective to opinion fundamentals first start turning over, before they turn irreversible. Not letting profits melt into losses is a no brainer, but when love for a stock or CEO which should never happen enters the picture, rationality often goes out the window. Here is a novel thought, not that any desperate stragglers left over here will likely ever heed. Instead of spending countless hours grieving and sharing more and more misery while living in the past and not getting on with life, why not pool your resources and find an excellent experienced class action attorney or two. Some long ago ex shareholders like myself may even consider joining, on the condition that all responsible were named, especially including that cute blonde wunderkid who sold everyone down the River D. to a megalomaniac. While simultaneously making a couple of fancy sounding promises, there existed a facade of devious motives to sell out and bail IMO. It was truly masterful, not only was he able to convince many to stay aboard because hey, a promise is a promise even though the signs were there that from mid '99 on they were not being followed through, but he was able to place the blame solely on the "AA" (back to the theme of personal culpability) and take a quick exit stage left, making it look like he was the persecuted misunderstood one. Now of course not to be heard from for a lonnnng time if ever. Master salesmen always make any situation look good on the surface, fooling the masses and pulling the wool over the eyes of the "faithful" is what definitely happened. Uncle Pauly is likely still reeling in disappointment from the betrayal and swift equity flip, but his misguided blind trust and investment "prowess" is a separate issue. There will be a spate of class action lawsuits in techland now that the bubble has burst, surely there are attorneys looking at each potential case now and sizing up the best opportunities worth their time. Angry shareholder input for any particular company that stands out will catch their attention rather than weak plaintive bleats of how great the past was. As an aside, something else to ponder: When Nasdaq and many issues took quite a hit in 1985, many prior highflyers to that summer were considered "sure things" by the robot analyst crowd to come roaring back. At least 80% of those then proceeded to disappear off the radar entirely over the balance of that decade, either delisted, ops taken over, or bankruptcy. 1985 was not even as bad as this tech bear.

To: jmedved who wrote (25765)	3/31/2001 12:05:59 AM
From: sandintoes	Respond to of 28311

Thanks Jerry, I think I'll lurk on your SI site for a while. I will need to spend some time in QT and experiment for a while until I understand the complete workings of QT. From the short amount of time I've spent in there, it certainly appears to be a very useful tool. As far as being OT on this thread...I don't think there is such an animal. Besides, we're talking about the streaming quote that SI at the present time offers for free. See? Not OT at all. I appreciate you answering my questions....:~) R