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


To: robert duke who wrote (5797)5/19/1999 1:20:00 PM
From: Greg S.  Read Replies (1) | Respond to of 28311
 
GNET is bleeding like a stuck pig in the current market. If you expect this activity to persist, maybe you should sell your shares and find a security that is doing well now.

Just about every major internet security is down 40% off its high from a few months ago. So GNET's loss I think is due mostly to market conditions and a selloff in the internet sector and not due to GNET itself, though the lack of good news recently has probably been a factor in the nonexistent rebound. But I would rather own GNET than any other internut at this point, because it is WAY oversold relative to its companions and I think we all know the prospects. My point is maybe sell GNET and buy HWP, but don't sell GNET and buy YHOO.

Of course, I and 30 others here are long and strong - if you trust our judgement then you should hold.

-G



To: robert duke who wrote (5797)5/19/1999 1:24:00 PM
From: DataBits  Read Replies (2) | Respond to of 28311
 
10k block at 122 3/4. There must be something going on. I have noticed the market makers are causing large swings on market orders.

GNET's has tanked over 75 points from 199. I think the most you could lose in a stable market is another $20-25 per share before a rise.

Are you willing to risk selling now to buy lower?



To: robert duke who wrote (5797)5/19/1999 9:11:00 PM
From: yzfool  Read Replies (1) | Respond to of 28311
 
Several weeks ago my 9 yo son began obsessing about seeing the new star wars movie, typically asking me daily if we would see the movie. This behavior persisted despite much assurance that yes indeed, we would see the movie. Finally, I sat him down and asked him why he persisted so. He said "dad , it feels good when I hear you say it." So in this spirit, I will tell you why you should hold patiently. First FACTS: you have done the research, and you already know that GNET, among other things, is a rapidly growing community with a financial and business to business ecommerce focus. BtoB ecommerce is the primary revenue engine of the internet future, business to consumer, and consumer to consumer ecommerce(EBAY) follow, and entertainment content draws advertizing dollars. Also, by technical analysis this stock is oversold currently. Furthermore, we are in a slow period for all nets and techs; none of these stocks are sustaining gains very well. Until earnings come around again, news and splits and hopefully fundamentals will drive these stocks.
Next SPECULATION: There will be news, a split, and new analysts initiating coverage. I hope this helps.