Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: WallStreetTips who wrote (5188)	5/6/1999 4:39:00 PM
From: Keith Howells	Respond to of 28311

WallStreetTips I agree, there should be a rebound PROVIDED that the employment data is in line - 300K increase in jobs - or less and that the hourly wage rate doesn't increase by more than 0.3%. If these are out of line then the inflation mongers will be out in full force and the bond could hit 6%.

To: WallStreetTips who wrote (5188)	5/6/1999 6:32:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 28311

WST, We'd better have a reversal in the internet sector tomorrow. Most of the big-cap internets are at or breaking below their 50 day MA. With bond rates as high as they are, that is putting a lot of pressure on the big caps as they compete for the investor dollars and could lead us into a corrective stance on the overall market. The only contra-indicator to a bear market or nasty correction is that the transports are at new highs so there is divergence there for those who subscribe to the Dow Theory. One of my favorite "radio brokers" seemed VERY cautious on net stocks today due to their failure to maintain the 50 day MA. We'll see. Regards, Ron

To: WallStreetTips who wrote (5188)	5/6/1999 8:19:00 PM
From: Cleo	Respond to of 28311

I hope we do see the turnaround tomorrow. But what is your reason for thinking it will be tomorrow. AOL and the rest could continue down for a while... I don't know what will happen, and I don't know where bottom is. AOL is really acting weak. GNET has actually looked firm since hitting its low yesterday ... it has not wanted to go down. WHen I put in buy orders I get partial fills, but full fills for sell orders. Maybe that was just "Luck", I don't know... but usually that is a bullish sign. It's just that GNET can't fight the whole internet sector momentum, unless some news comes out. WHat I'm saying is I hope it has bottomed, but it may not have yet. One thing is certain, once it does bottom and starts back up, the volume moves in and the upside moves are soooo sharp that its hard to buy back in without a market order (and no one likes those). Very positive on GNET long term, but uncertain short term. And with huge corrections like this in the techs and internets margin is the spoiler for some of us ... causing us to sell at or near the lows. I wasn't in margin trouble when this started, but I'm getting there now. Hope the turnaround comes soon ... tomorrow would be great. :)