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

To: Blue Snowshoe who wrote (6680)	6/2/1999 4:19:00 PM
From: option007	Read Replies (2) \| Respond to of 28311

WHAT A DANGEROUS DAY Boy what a turnaround in Nasdaq stocks. Following Greenspan speech there seems to be a consensus that there will be no interest rate hike. Greenspan mentionned nothing which means that he is not too worried. Instead he emphasized on free trade knowing that competition will keep inflation in check. He was harsh in this manner so as not to raise rates in my opinion. Institutions were definitely bullish on internets. I truely believe that selloff in Gnet is over as is on other internet stocks. Next week is good week for Gnet; - fast approaching 10 million message, maybe by friday... - next week there is Paine Webber conference. - other firms also have conference on growth stocks. - shareholder meeting on June 17 - Stock split on June 24. - strong earnings mid july. Correction has eliminated to my opinion any risk of interest rate hike and any other risk. Maybe this is the beginning of the long awaited June rally. Good Luck to all.