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

To: Offshore who wrote (2348)	3/23/1999 9:21:00 PM
From: Greg S.	Read Replies (2) \| Respond to of 28311

Did I not pick this one? Uhhh ... no. Here is another one. This crazy think will continue it's downward spiral to 110 before hanging around 120 by weeks end. Why? Because people are scared to see their money go up and down...and with the market going down, people will run to the rock. MSFT, IBM, and other rock like stocks. Sorry GNET. It will take you weeks to get back to 150 again. Those statements are blanket and unfounded. First of all, neither MSFT nor IBM has been "rock-like" lately (and I own both). Second of all, this stock didn't gap up and then come rocketing down like you "predicted" it would. It quite understandably gapped down at the open and slowly bled as people took their profits. The retracement was about 35% of yesterday's gain, which is a fairly standard amount for profit-taking. Anyone care to shed a little TA on this? In short, you're not providing very compelling evidence. I'll thank you to keep wild speculation - good or bad - on this stock to a minimum. I'm not saying it will go up or down tomorrow, but with the momentum this thing has I'd say it's got a fair chance of topping 150 by the end of the week, if not higher. -G