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

To: option007 who wrote (6591)	6/1/1999 8:06:00 PM
From: Sarkie	Respond to of 28311

Here is the post messages.yahoo.com Fear or greed, which one are you..... by: option999 13472 of 13473 The fundamentals at a company rarely change yet the stock price can soar 1 month and crash another. Why? It is because stock market is irrational and people make decisions based on sentiment and emotions. These emotions are fear and greed. In May with the Fed reserve indicating that they have changed bias to raise interest rates, they invoqued a fear in people. This fear has been magnified by shorts yelling stocks are over-priced, by bearish newspaper articles on select companies like the one on Amazon by Barrons, by bearish analysts like Bryon Wein quoted in Barrons as stock market overvalued by 40% - he has been a bear since Dow 3000, etc..... Nothing has changed, only people sentiment. They have become fearful. What will change this sentiment of fear? We are fast approaching that moment. It will be the employment numbers released on Friday. Further confirmation that will put it to rest will be CPI figures on June 17. If numbers are friendly then fear is gone and the other emotion appears which is greed. Greed is a powerful emotion in that it represents confidence in the future outlook of the company, interest rates and the economy. People will refuse to sell there shares and will start claiming that they are worth that much more. Analysts will come with favorable reports saying market will rise to 15000 soon, newspapers will run positive stories on a select few companies like Gnet per say etc. In the meantime you will see that nothing fundamentally has changed for the company in the space of 1 or 2 months. It will take more than a 1/2 point hike in interest rates to hurt this economy. The rate hike if any reprsents a total joke. Probably 1/4 of a point. The lesson is to buy company on fundamentals. If price goes down and fundamentals are same then consider adding to your position so as to lower your cost. If price drops and you get worried then, you bought for wrong reason. You buy company based on fundamentals and not on fear or greed. Any decision based on this will be a mistake. An example will be people who sold shares on Gnet today because of fear of interest rate hikes. This was a mistake. Someone else will capitalize on your sale. Stay calm, all will fall into place. Sincerely,