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

To: Susan G who wrote (1473)	3/3/1999 4:49:00 PM
From: Sr K	Respond to of 28311

Open question: What happened to the login procedure at Go2Net? Were the passwords lost? Or was the change only to add the "Destroy my account" option?

To: Susan G who wrote (1473)	3/3/1999 8:20:00 PM
From: Judith	Read Replies (1) \| Respond to of 28311

Susan, I noticed the same thing as you yesterday. The priced dropped immediately and quickly as soon as the short interest piece aired on CNBC. I was totally surprised, since a large short interest on a stock with an increasing price is good for the longs. I couldn't understand the selloff. The market decline didn't help, but the timing was too close to the CNBC piece to be coincidental. I have asked a couple of people why that news would have caused people to sell, and have not been able to get any answer. Maybe someone else has an opinion? Judith

To: Susan G who wrote (1473)	3/4/1999 3:19:00 AM
From: Trevor Quest	Read Replies (1) \| Respond to of 28311

Susan, I think you are right about the reason for the quick sell off. I would love to see a statistic regarding the average % of GNET volume and trades that is traded on-line. My guess is its high. No offense to anyone, because I am also one of them, but the average on line investor is fairly unsophisticated around trading. I think it is perfectly logical then that people might think high short interest is bearish and not realize why it can be bullish. Given the move right after the CNBC mention, I think it makes a lot of sense that some people hit the sell button. GNET has also had another amazing run here. If we are going to have a 50% gain in two weeks we have to expect a 20% correction as normal. I love GNET as much as anyone so I figure if I am tempted to sell some of my shares to lock in a profit and look to buy it back on a dip then short term day traders are definitely doing this! What do I think from here ($59 1/2)? I think most of this short term correction is priced in. We have already seen GNET withstand a wave of selling and I would be surprised to see a pullback through $53. Am I adding to longs here? No. Am I reducing my long position - absolutely not! Everyday that the market cap of the big internets does not decrease, GNET looks cheap on a relative basis. Even with a market cap of 1B ($80 a share), GNET is still 1/2 the market cap of SEEK and MSPG, a 1/4 of LCOS and 1/30th of YHOO. Too much good news around GNET. IMO still has plenty of room to grow! Trevor