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


To: NanoTechMan who wrote (4009)4/19/1999 11:03:00 PM
From: robert duke  Read Replies (1) | Respond to of 28311
 
Man I don't know. I thought it was over last time, but this has to be the end or the bottom. Earnings will help hold this level, and a 2-1 might boost us a little.



To: NanoTechMan who wrote (4009)4/19/1999 11:49:00 PM
From: brk  Read Replies (1) | Respond to of 28311
 
What really scares me is that even after being pummeled, my tech portfolio is still triple the value that it was in January. There are still lots of profits floating out there waiting to be taken.

I wonder if I can convert my margin into a 30 year amortized loan ? :-)



To: NanoTechMan who wrote (4009)4/19/1999 11:52:00 PM
From: RTev  Respond to of 28311
 
I don't know when the correction will be judged correct. I've been reading several analyses of the day's action and I'm not convinced that we're done yet. As several have pointed out here, margin calls could add more downward pressure for days to come. Profit taking on the way up will probably slow down any rise.

Here's an example of a correction bear (who's been a bear all along and finally, as he admits, saw his wrong guesses turn right):
stocksite.com

Tomorrow should be interesting. My guess is that the net stocks won't turn around in lock-step. I figure it's a good thing that GNET is reporting on Wednesday because a good report (which is likely) will shed positive light on this one stock among the many, so that it could start its turnaround faster than the others. Tomorrow's typically rosy report from MSFT should help turn around the non-net techs (despite MSFT's heavily net presence, it doesn't trade like a net stock). If RNWK is very positive tomorrow in their report, they could also help stop the bleeding, just as they helped spark the most recent net-stock rocket (along with AMZN and others).