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

To: jon zachary who wrote (5315)	5/8/1999 6:06:00 PM
From: Susan G	Read Replies (2) \| Respond to of 28311

I have had several online conversations in recent months with Bill Fleckenstein regarding go2net. Bill had enormously positive comments and knows what potential lies in gnet. I doubt very highly if he shorts his own biggest holding. As far as other internets, that's his business. And at times a wise decision. I feel he would be a genuine asset to the board of directors - a bears opinion is needed for balance, just the way a shorter's trading keeps the stock priced based in reality - somewhat, that is, as far as internets are concerned. I never short stocks, but sometimes appreciate the fact that someone else doing it gives me the chance to enter at a fair level. They can't just go up forever and never rest. I am also extremely bullish about the future of the internet, and don't care for most bears opinions - except for Bill Fleckenstein. He will certainly get my vote for the board, if he is nominated. Susan

To: jon zachary who wrote (5315)	5/9/1999 12:37:00 AM
From: Hawkmoon	Respond to of 28311

Jon, Who cares if Bill is shorting this stock. That's his business and his risk, just as if you or I had decided to short the stock at $190/share. Folks should realize that, due to the high margin requirements on GNET and other internet stocks, that a short-seller basically has to either own the stock (short against the box) or put up 80% cash to meet the requirements. That means that the reason this stock is where its at is because enough people are investing with their cash accounts to buy this stock. So if someone is short against GNET, I wish them luck and they deserve whatever reward they can muster given the risk they are taking. The folks you have to worry about are the Mmkrs who maintain inordinately WIDE spreads and keep the stock volatile enough so that they can short the stock and make a profit shaking people out. As for internet company valuations, I completely agree that this is where the economy is heading. Otherwise, I wouldn't be crazy enough to risk capital investing in select companies in the sector. But I also know that American investors are a fickle lot. They can fall in love with a sector, but the minute something spooks them, they'll be heading for the exits enmasse. It is said that no one can predict what the US investor will do. However, you CAN predict they will all do it at the same time. <VBG> Regards, Ron