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


To: Bill F. who wrote (3044)4/10/1999 12:31:00 PM
From: Lizzie Tudor  Read Replies (1) | Respond to of 28311
 
If you wanted to take an 10mm position in this stock (or even half that), then wouldn't it be better if GNET had a higher float? It seems to me that the float is so low that execution of large orders is problematic (affect the price). I don't know... I'm just asking, I have never been in a stock quite this volitile before. Ordinarily I agree with you but this case is an exception. I think the small float is keeping some institutional buyers out?



To: Bill F. who wrote (3044)4/10/1999 1:55:00 PM
From: Chetman  Read Replies (1) | Respond to of 28311
 
Bill,

I guess I am in both camps as I have both long term shares of GNET as well as some for a short term position trade, based on strong technicals. I agree that as a long term investment, I could care less if the stock splits now or in 6 months, as long as the co. continues to execute. For the short term shares, however, a split would be great. IMO, LT holders should continue to focus on GNET's strong fundamentals, not with splits or the short term volatility caused by traders like myself.