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


To: Randomm who wrote (3277)4/12/1999 6:17:00 PM
From: WallStreetTips  Read Replies (4) | Respond to of 28311
 
Reply to >>> Travor Quest, Randomm, Josef >> Thanks for your opinion

I am thanking you all for your opinion on GNET. I like the fact that people like you are honest. I agree on the worry that no matter how good results will be stock will see heavy sell off just after the results. Wall Street needs are never satisfied no matter how great results company reports. I have seen that so many times that company reports stronger than expected and stock tanks because of something.
Honestly I am not going to wait until results though I know GNET may surpass all estimates marginally. I was in YHOO few days prior to results and despite of great results the stock had hard time moving up.
Anyway I am happy with GNET and am worried about capital gains too but I guess I will be paying Uncle Sam. In my opinion best time to sell a riped share is when lots of people come to buy. That is when you get the best price.
Again please do not get me wrong, but I feel that GNET is overvalued at today's price of $360 (pre split).
I had owned GNET at $7 and had seen it not move even 50 cents a day then so for me to see such high price is ...........................
Off topic note: I have bought large quantity of another upcoming internet portal if anyone is interested, take a look at my profile. The stock I have mentioned first on my favorites is the one and I am very bullish on it today as I was with GNET.

Thanks once again folks for sharing honest information and views on GNET.

Just my views.



To: Randomm who wrote (3277)4/12/1999 7:11:00 PM
From: Hawkmoon  Read Replies (2) | Respond to of 28311
 
I wouldn't dare sell any of my shares!

Randomm,

I would agree that selling GNET at this moment would be a mistake.

We're likely seeing rotation from commoditized technology companies to those companies that have less chance of disappointing the street analysts.

Since I think most of us feel comfortable that GNET and Horowitz will show us the money in a couple of weeks (and maybe a split as well..:0), the momentum will likely continue.

As for being overvalued, I'll leave that discussion to others. But lest we forget, $300 million in cash provides a nice book valuation relative to other Internutz stocks. And I'm guessing that there are some surprises in store for investors and analysts that may be revealed during the next conference call (don't they always have a surprise?)

We should see more analyst coverage come on board, considering that the brokerages they work for have likely been loading up their clients with GNET stock in anticipation of things to come.

Regards,

Ron