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


To: SherylB who wrote (3947)4/19/1999 2:48:00 PM
From: Josef Svejk  Respond to of 28311
 
Humbly report, Sheryl, I'm as much in the red (today) as the rest of us, so please don't look to me for humble guidance. Humble pie is all I've got to offer.

My take? We all have our own threshold of pain/pleasure. My pain threshold has not been reached yet, doubt it will - thinking long term.

Short term? Please don't feel alone - I loaded up with extra Go2Net baggage way, way too early today. :-(

Such is life . . .

Once again I humbly stress, please note the tanking is taking place across the baord in the net stocks: techstocks.com

I'm still humbly confident the sector will turn back up. When? No idea.

Need more help? jokes.thefunnybone.com ;-)

Cheers,

Svejk
proofsheet.com



To: SherylB who wrote (3947)4/19/1999 2:53:00 PM
From: Carolyn  Respond to of 28311
 
We are all bleeding copiously. If you do not need the money, hang in there. This is a long term deal.



To: SherylB who wrote (3947)4/19/1999 3:04:00 PM
From: RTev  Respond to of 28311
 
Good question, Sheryl. Like many others, I'm asking the same question. Since I can't yet see where the bottom of this correction lies, I've sold one position at a loss because I'm not too sure of the company and I figure it will fall far more. I'm holding some others, including GNET, because I'm confident enough in the company that I think it will do well once the sector turns around.

Since these stocks are as irrational in the selloff as they were in the climb, it's possible they could all turn around and rocket up once again.

But then again, it could take quite awhile to climb out of this correction since there will be selling pressure all the way up from those of us who got into some of these things a bit too late and don't want to risk another fall. Another problem: Since the DOW and other areas of the market are doing well, there are other places for the money to go, so it might be slow to return to the net stocks.



To: SherylB who wrote (3947)4/19/1999 3:11:00 PM
From: Chetman  Respond to of 28311
 
This looks like major panic selling. Never made money selling into those. Remember late last Aug, or early Oct? Hope this turns out the same. Good entry points now for some of the top net names. The worst should be behind us. Picked up more GNET at 154.25.



To: SherylB who wrote (3947)4/19/1999 3:33:00 PM
From: Keith Howells  Respond to of 28311
 
SherylB,
It's tough not to push the button now and bail. I don't think anyone can give you really good advice at this point in time. I can tell you I have been through these things before and usually a blood bath like you see today means that the slide is nearing the end. Institutions are the first to bail and they did that last week. Next the individual investor goes as panic sets in. That I think is what's happening today. The NASD is now down over 100.

The question is, will GNET come back? Is it still a good company to have your money in? I think the answer to both questions is yes, which is why I bought more shares today.



To: SherylB who wrote (3947)4/19/1999 3:42:00 PM
From: SherylB  Read Replies (2) | Respond to of 28311
 
Thanks to all for the input!

I've only been trading for a few months, and am still up about 20%, but I was up over 100%! All my stocks are down at least 15% today! The advise I've gotten has been "trade what you know", and since I'm a software engineer, I've put all my $$ into the tech sector, specifically internet.

I believe strongly in the internet ... I quite frankly don't see how it can go anywhere but sky high. I personally use the internet all day, every (working) day, for business, shopping, info, communication with friends & family, etc.

But, these price fluctuations are really wild!! They're talking about a possible dominoe effect, bears reporting on their chart readings, etc. on CNBC. Now I see why there are so many "Traders - control your emotions" books out there!

I'm holding ... nervously! Thanks again for the support! :-)