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

To: KLP who wrote (26899)	4/14/2002 11:03:19 PM
From: KERRY.COLLINGS	Respond to of 28311

It was just a post on the message board by a guy that is pretty disgusted with Merrill Lynch. He seems to know them very well. From previous posts I have read, he may lean a little more toward the conspiracy theory than most, but some of the stuff he writes has been very accurate. By NoGIMKS: I notice that Horowitz (short-seller) is being canned by ML. ML is covering its short positions in many tech stocks and is then going to go long. No dramatic price rise is expected until ML builds up substantial long positions in stocks like INSP, CORV, HAND, AETH, CMVT and so on. ML's strategy is to offer the same block at 1c more or even 10c below their cost depending on the mood of the market, which they control partly. No one will know when the price will rise drastically. ML went with the word of Horowitz, but is being fooled by INSP's resilience in rebuilding revenues, with low cash burn, and a substantial merchant base. Imagine ML buying 30 mil shares at these prices and then asking the Saudi Prince to buy this stock because fundamentals have improved and showing the Prince the proof of their position of 30 mil shares. Oil wealth gets into this stock at $10 per share and ML does not have to sell its position, because it can squeeze shorts. A rule in investment: if a stock's price is too low to be true and your horse sence shows that fundamentals of the company are improving while the balance sheet is strong, buy, especially, whenever the price drops. Hope that helps. kc