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: (Bob) Zumbrunnen who wrote (27045)	5/14/2002 5:03:58 AM
From: tahoe_bound	Read Replies (1) \| Respond to of 28311

Highly doubtful that if your bosses had not bailed that GNOT stock would be higher priced than a verticalnet, sunw, Lucent, Goto, real networks, or any number of other pro-forma wonders. Perhaps it would have skirted -$1 penny stock status (unless you use under $5 as many Wall streeters have done since '89) at least until this fall when the real carnage will kick in again. Those options would have been no better than those of the droves of poor souls facing what they have (or no longer have) in hundreds of other dot bomb companies. Sigh, I have a feeling you will keep kidding yourself over what could of and should have been had things gone according to script. (Not your bosses script) Just like the other P.A. laughingstocks of the investment world, the GNOT Paul Allen wonder was already well on the way to stock market oblivion in advance of the insp deal. Your former bosses sat happily while pushing out the "next big rollout" story just "a couple of months away" with no real news for months on end as the stock plunged mercilessly until they gleefully and joyously announced they had bailed into Infospace. They needed to keep the "fan club" hooked in the interim so they could get the best price for themselves. No matter that some sleuths on here and elsewhere had already dug up some tidbits indicating they were heavily bailing many months in advance through the use of shell corporations attempting to mask real insider selling, the faithful brushed it off knowing that the second coming of the bleached tooth messiah would set them free on a rocket to orbit once again. Astounding how some of you guys keep looking for any and all scapegoats to hopefully vindicate the good old "trillionaire boys club" of GNOT from any possiblity that they did not love you back so adamantly. It's always "they stole this company" or "the analyst and insp really fooled poor ol' Horowitz" more often than hey, these #$&#*s were dumping in droves months before this stuff happened. Why did it only come out later on secedgar or some obscure place, what did they REALLY know/fear? Not showing a profit other than pro forma fraud-trickery? nah!! Perish the thought. Hmm, was that why they were so eager to bail out, and why did they never clue anyone in at the annual meetings etc. but instead wear stupid looking big grins and make "we are in it for a marathon" moronic misleading statements while selling heavily the very next day? Could it possibly be, that they were only in it for themselves? Some will never see them as at least equally criminal and reprehensible, even 2,5,10,25 years from now as they never, ever hear from the old GNOT gang again, just like some will never see O.J. guilty. Kind of sad in a way but a sign of the mass hypnosis of the financial-broker-media-guru industry that many in techland will never take personal responsibility for overstaying wayyy too long. They want to blame everyone and anything ELSE under the sun, so as not to have to accept the fact that they made and contributed to devastating psychological mistakes that translated into big bucks by pumping each other up with all sorts of "great finds" and little news nuggets to bolster the "I am right" mentality. No matter that the market did not agree. No one forced anyone to stay and neglect capital preservation. News tidbit trading and sleuthing such as on a msg. board is a double edged sword. It can be great when used with objectivity. When one gets greedy and starts taking only one side like the newsy tidbit seekers did here for instance, it can be disastrous as they all keep each other (after all everyone is your friend as long as they say what you want to hear) believing in the "story" all the way to the floor and delisting. It can turn into a mutual motivation forum, with one trying to out-news the other with mostly useless and non-related stuff, while appearing resolute. It's even worse when you have mgmt. selling big time at the same time as starstruck "investors" remain hooked by the slightest hint of positive news no matter how overwhelming the rest of the story is. Personal responsibilty... oh heck who cares, the blame game is more fun! Accepting personal fault for not bailing at least along or shortly after Horowitz and gang did would mean that the mutual uplifting and "keep the faith" news postings and such were utterly friggin meaningless and a big blow to the ego. Can't have that. Well folks, keep up the news searching and demon hunting, who knows it might be a fun hobby. Time for Jolly Roger and others to trot out some old links, news clippings and 1999 10k's to show just how this all SHOULD have unfolded! All I know is I will miss the free S.I. delayed stock charts once this thing goes into Chapter 7 unless someone else picks it up. P.S. Got gold yet? XAU index up over 80 now, gold funds up 55% for the year, only getting started.