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


To: Bob Duncan who wrote (992)1/21/1999 9:27:00 AM
From: Bob Duncan  Read Replies (1) | Respond to of 28311
 
Based on premarket action - it looks like GNET is not going to open at 140 as some have suggested. Maybe being short GNET is not the end of the world after all :)

Seriously though I am concerned with the sector, either people are rotating out of AMZN and YHOO into GNET and LCOS and other second tier companies or the entire sector is about to correct. Today will be an interesting day...



To: Bob Duncan who wrote (992)1/21/1999 9:33:00 AM
From: Im-patient  Respond to of 28311
 
Very interesting, but confusing....

Before the opening...around 6:20...Bid was 20.5, ask was 117 per FREEREALTIME....

Now, 6:28...I see BID = 116.5 ask= 114.25!!

edit:--6:30---now Bid = 113 Ask = 114

Can anyone explain?

---Moot now.....can we break 100?....will I buy in then???!!! :o)

--fred



To: Bob Duncan who wrote (992)1/22/1999 3:49:00 AM
From: B. A. Marlow  Read Replies (1) | Respond to of 28311
 
Guess you lucked out, Bob D.

Geez, saved by Brazil!

Don't know if you ended up a GNET shareholder, but I hope so. Let me ask you a question, though. If you had bought at say, $29 last fall, would you have *sold* at $118?

If you would have, then I guess you could make an argument for shorting this 'Little Engine that Could' at $118, although I find it dicey, not to mention vaguely 'un-American' (ha!). This past week's correction only marks what, the second time in nine months anyone has been able to make money shorting the Net? And if you're wrong, convictions notwithstanding, your downside is unlimited. That's why, it's said, shorting's for "broken" companies only.

You'll be interested to know that I believe *all* of the hype. I just limit my interest to leaders, of which I find GNET an emerging example. GNET has so many toys I can't even keep up with them.

Don't see a bubble here, just enthusiasm. These firms are changing the face of America. Even better, it's pretty easy to pick winners, and a lot of money can be made along the way.

BAM