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

To: stock leader who wrote (26577)	9/4/2001 11:00:04 PM
From: (Bob) Zumbrunnen	Respond to of 28311

You're quite wrong. Severance was tiny and I don't draw unemployment, but it's really irrelevant anyway. I don't see what your incorrect speculation regarding my financial status has to do with the inappropriateness of how you treat fellow users of this site.

To: stock leader who wrote (26577)	9/5/2001 1:01:54 AM
From: tahoe_bound	Read Replies (1) \| Respond to of 28311

Good luck. Nasdaq not close to a bottom, way too much complacency still evident. "Leader", you are a revenging trader. That is your message. Unfortunately, in bear markets that only leads to more self mutilation. This is prime tax selling time, and earnings warning time. September and October prime danger time for the markets, and a LOT of excess is still hanging around. The global slowdown is exacerbating this. This penny stock is showing no signs of a turnaround, a buy here is pure folly IMO. Talk on many issues at this level reminiscent of KMAG the last 6 months, the turnaround was a sure thing, things just couldn't get any worse, so the "experts" reassured. KMAG just filed for bk. protection. More sure to follow, as reality sets in. Granted, many who have been brainwashed will not willingly accept reality, but their pocketbooks will dictate otherwise. The market constantly changes leadership over time. The euphoria extreme of 1999 is slowly giving way to a capitulation extreme, but it is a slow, grinding tough nut to crack. So much excess to work off, overvaluation bubbles do not heal overnight, and scared money will not come back in some magical way to rise all boats again. Just ask Japan about that one! Good intermediate target for Nasdaq actually about 1,300, which is the chart low for 1998. In mid 2000 it looked like 1,800 would be the lower limit (as I was saying) but that was predicated in large part on the S&P and Dow remaining in bull markets. That is no longer the case, as the Dow just had its first monthly close below the 40 wk. MA since 1982. Not good, all across. As well, sentiment readings such as the VIX below 30 which actually spiked at 60 in 1998 and over 100 in 1987 showing extreme fear and capitulation giving way to new bull markets, is obviously no where close. Mclellan Oscillator and summation indexes, clearly point to lower levels for the markets ahead. What will help feed the lower moves, will be the crowd grasping for any tidbit that sounds good, while the "smart" money uses it for just another selling opportunity. Could get a lot worse than the crowd realizes already having been proven wrong all the way down and still trying to pick the bottom, probabilities certainly point lower, yet the same theme will likely prevail everywhere as here, look for a scapegoat, and seek revenge. When more admissions of personal blame emerge such as: "what was I thinking not to set an absolute loss point and not waver if it hit that to preserve capital" that will be a hopeful sign. When more who participated in the mania and realize they were willingly cleaned out royally and gladly by the con men (Jain, Horowitz, Allen et. al) and at the same time helped participate in convincing others to stay, come out and admit at the expense of their egos that they were mistaken, that will be a turnaround sign. Another will be, I can't wait to get out, and save what I can. There are more.... the point is, the masses are still convinced that what has been fed by the media and fund/analyst industry can't be wrong, and they should just hang on. After all, it's "only on paper" ... that is until they try to mark their shares to market like any honest accounting methods dictate. Btw, had the GNET runners not collapsed from the marathon they promised to finish out no matter what, those still holding that would probably still have a stock above the penny stock demarcation line of $5, but probably not by much seeing what became of YHOO and others IMO. Although, GOTO is stll remarkably above $15. (For now) The pro-forma jig was up there with GNET too, the signs were all over as early as late '99 when it failed miserably to keep pace with the general market meltup and started showing extremely poor relative strength. Then, the news was also coming out fewer and farther in between. Another scapegoat would have had to have been dug up, wondering where the cash was melting away (like at all other bubbletechs) and why no one warned of this tragic story.