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

To: robert duke who wrote (6475)	5/31/1999 12:57:00 PM
From: Greg S.	Read Replies (1) \| Respond to of 28311

I just want to tell everyone who doesn't know - just because a security (or a market) has a strong up day after several down days doesn't mean it is "coming back" or has "hit bottom." In fact, all it means is that there are bargain hunters out there who THINK they are getting a steal when in fact they're screwing themselves because the price is about to drop even more. I'm not a TA person, yet. But I would say in the future, look for stronger upward signals and greater buy-side momentum before you jump in. If you're going to play the momentum, let others take the risk for you - jump in a day later and you may miss a couple of points but you'll have far less risk. That being said, the chart DOES look like it's calling for a real turnaround - the stock was very hesitant on Thursday but Friday was a fairly steady ascent. I think that's a good signal. And I would check the charts of like internuts to see if this is more of an industry phenomenon (which would be good, because I expect GNET to outperform most internets) I agree that if the market takes another sour turn this chart will quickly turn bad. But I say that's pretty tough if not impossible to predict, so go with what you know - GNET long! -G

To: robert duke who wrote (6475)	5/31/1999 2:23:00 PM
From: gridiron 99	Read Replies (1) \| Respond to of 28311

<<I hope june is a good month. Itis so hard to buy stocks after they fall 50% no matter which stock it is>> Tell me about it ! You're not alone, my friend ! During the month of May, I caught not one, but three falling knives. Bought MORE GNET at 124, some YHOO at 175, some INSP at 49 1/2. It didn't take long before I felt sorry for having bought too soon. I thought how could I go wrong buying at such low level ??? I am sure glad May is over, and I am now embracing June with my open arms. I am a small investor with a portfolio full of Internet stocks, except MSFT, which dropped 16K in value in May. Like you, I strongly believe in Internet as the way of the future. That's why I went heavy in the sector. As for GNET, it got hammered more than other Internet stocks because, in my opinion, the near future of GNET is still limbo. A lot of investors out there want to wait until after the Board of Directors meeting on June 17 before they buy shares. I really think GNET's significant movement will occur in between 6/17 and 6/24 (split date). But again stocks always go opposite of what/how I think. Who knows GNET might gain a cool 20 bucks on Tuesday. <<gg>>