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


To: Cleo who wrote (5815)5/19/1999 4:18:00 PM
From: Keith Howells  Read Replies (2) | Respond to of 28311
 
Pathetic is a word to describe this stock lately. The NASD moves up 19 in late action, the other nets are up and this thing is down 3 11/16. The whole last couple of weeks have been on low volume. The only, and I mean the only reason that I haven't sold is because I refuse to eat a huge loss. I figure one of these days it has to go up at least a point or two. I haven't been involved in a stock that's sucked this bad for a long time.

On another note, to those that will respond "yeah but it's up 30000% since the first of the year" I say yippee skippee. There are some of us who bought later in the year. If this drops much more Allen will get to buy more at $94.00 per share, provided he still wants it.



To: Cleo who wrote (5815)5/19/1999 4:22:00 PM
From: WallStreetTips  Read Replies (1) | Respond to of 28311
 
GNET >>> POSSIBLY MANAGEMENT IS PLAYING GAMES HERE SO THAT

GNET stock price settles between $115 - $125 and its shareholders vote for YES to approve additional stocks to give to Paul Allen's Vulcan Ventures at $90 a share. I have a strong feeling that that is one of the reason why they are not announcing split record date and trying to keep a low profile here.
My guess is management wants the deal to go through and the only way it will go is GNET stock price stays close to offer price or even 20 - 30 points higher.

Does anyone see this, it is stupid but to me it could be possible.

Just my views.