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

To: Bill F. who wrote (2499)	3/27/1999 1:12:00 PM
From: GraceZ	Read Replies (2) \| Respond to of 28311

>>.(in fact most stocks have been laboring for a year now with only the internet stocks still in an intergallactic bull market<< *OT* sort of Here is the case for the Bull Market continuing: Money is being siphoned from companies in the old economy and sucked into the new. You don't have to be a genius (or a journalist) to figure this out. The other day I had to make travel arrangements for my husband and I to go to California. In the past we would have called a travel agent. We called the airline because I knew who had a direct flight, I figured I'd go to the source. The flights and prices we got from the airline were terrible....so I said I'll go to the web. I hook up on the site of the airline we had just called. In five minutes we had tickets on the direct flights I wanted AT HALF THE PRICE. I got off the computer and said, "If I was a travel agent right now I'd be looking for another job" This scenario is being repeated in EVERY industry across the board. Why pay a full service broker if I can log on to SI and Stocksite and do my own research (the information is better and more timely then the recommendations being provided by the full service broker), then log on to Datek or Etrade and do my own trades....gee, which would you like to pay? $250 to make that trade or $9.95...its a tough one. I think that a lot of the traditional analists really don't understand what is going on, all they know is that it looks like a speculative bubble to them. It is, in places. There are your "Pinkmonkey.com" stories all over the place...the difference is that these situations have tended to self correct in every pull back. (go look at the chart) What happened in Japan was still the classic case of a boom feeding back in to a speculative bubble that also had the added fuel of too much leverage. Add in an aging population (old people don't like to spend money) and it only takes a minor shock to put you in a deflationary spiral. The worldwide drop in commodities has tended to hurt companies that are in the "old economy" but has had little effect in those of the "new economy" GNET will continue to grow because they will siphon money from the tradition companies...end of story

To: Bill F. who wrote (2499)	3/27/1999 1:29:00 PM
From: Sgt. Stockpile	Read Replies (3) \| Respond to of 28311

I don't doubt that Biggs has been very successful in the past. He is considered a top market guru and you can't be around for decades without that title having meaning. I am a young investor. I don't deal in comodities, options, leaps, futures, etc. But when I don't understand something I don't say, "This is crazy, They're all crazy", nor would I make such a statement on national TV. My criticism of Biggs and generally older generations is that when they come across something they don't understand the reaction is always that its wrong. I bet Biggs feels the same way about his teenage grandchildren that he does about internet stocks. He should attempt to evaluate them, see if they fit into their own distict analysis pool (Just like the Cable Co. in the 80s -- where do you think EBIDTA came from?). Braverman and Blodgett and the other internet analysts are trying to do this and I commend them for this -- not because they're right-- they may prove to be wrong -- but because they have the foresight and vision to see the internet as "something different" and attempt to use different analytical tools to comprehend it.