Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: mikiespeedracer who wrote (26944)	4/23/2002 5:35:54 PM
From: levy	Read Replies (2) \| Respond to of 28311

Looks like the merrill boys are about to get national attention...we might get some money back on this deal yet go2net.com

To: mikiespeedracer who wrote (26944)	4/23/2002 7:50:00 PM
From: tahoe_bound	Read Replies (1) \| Respond to of 28311

[[Wow!! you are really bitter. Looking back on your emails for the last couple of years, you are chanting the same mantra. Never going to change your mind. Even though you are dead wrong.]] Damn right I am, who isn't when they are conned and realize it? I bailed sooner than many here, before the insp merger, but that doesn't make it any better. I failed to adhere to my discipline, and came to terms with it. I was dumb, and have said so often. It is not easy admitting one is wrong, and looking back wondering why I did not stick with sound money management used before then in other situations and further reduce damage. I feel badly for those who stuck it out further on false pretenses, some of it out of greed and hope, some of it out of disinformation by the used car salesmen, some of it out of being swayed by one way posters on the SI boards and elsewhere that it could only get better, of course not true. Chanting the same mantra, that is correct. I knew something was terribly wrong in the first part of 2000, and I ranted a lot about it on here, without bailing like I should have. The stock price was trying to tell something. Kind of like how Enron was falling precipitously quite some time before all the bad news came out, the insider boys behind the scene knew the real score and wanted OUT. In the case of this one, Horowitz and gang clearly wanted the hell OUT several months before the ill fated insp deal, even though they beamed with huge smiles at the annual meeting and promised they were in it for the marathon long haul, and all kinds of neat things were just around the corner. They didn't bother revealing the real deal, that wouldn't have been good for their pocketbooks having everyone bail and making their options worth a lot less. It was actually a master sales stroke to take the heat off by making the insp guys look like the bad guys later on, by generating a big dramatic exit. That way guru and messiah status can be preserved, a master stroke of ego. If I were you I would not discount the decent possibility of a bankruptcy situation here. Once you get below a buck and into pink sheet status it can go downhill in a real hurry. KMAG comes to mind, watched it passively last year, now in B.K. proceedings, the common stock is scheduled for complete elimination. The little guy there will get NOTHING. NADA. It is worthless. You might ask yourself, what has your hope brought you so far, and what is to prevent your hope from not saving it again, this time for good? Not to sound cruel, but the market is cruel, and it doesn't care. I don't know why you said I am "dead wrong" to be negative here and since. Especially if you have not been objective and unbiased and have lost 90% or so of your gamble. Not investment, gamble. Good luck, check out those gold miners. One of mine is up 120% since purchase, HGMCY, and another, NEM, is up smartly as well. Since you were researching my old posts, you will likely find some mentioning this before gold really took off. Very favorable situation, the cycle has changed there long term. Nice to be involved in companies like the builders etc. that make sense, make real money and have excellent technical patterns to boot. I don't come around here often. I hope this thing survives, for the free SI charts, not much more to be honest! I do think it will keep deteriorating for the balance of this year as well, may get quite ugly. I do hope though that the next time I browse this board that you are doing a bit better, those that have stuck it out deserve it.