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

To: BillCh who wrote (6756)	6/3/1999 10:37:00 PM
From: option007	Read Replies (3) \| Respond to of 28311

POPE SAYS INTERNET OVERVALUED I don't know about you guys but I am so sick and tired of hearing about interest rates. Are people investing in bonds or stocks? Got to wonder? Everybody is so negative these days. It is unbelievable. OK let's say we don't invest in internet, what then? Put it in the bank and earn 3%. Buy bonds for 30 years to earn 6%? Buy deadbeat gold? Buy dormant companies that move $1 per century like Alcoa or Caterpillar? No, let me guess buy companies that have low P/E and never move? Interest rates will not hurt Gnet for following reasons: - Gnet has no debt. - People won't give up internet or television because of 1/4 point hike. - Advertisers will keep on spending regardless of rates since they need to attract audience. - To pay $10 per month for Silcon Investor won't damage your wallet. So tell me why should Gnet care about rates. It is viewers that we should care about and growing through acquistions. Not weather rates go from 5.5% to 5.75%. Personally I would give a medal of honour for the great acting show performed by everyone in instilling fear of rate hikes. 1/4% hike is a joke. Won't affect anything. It is purely symbolic. We had Barrons, CNBC, NBR report, Greenspan, rumors, shorts - everyone screaming about rates and over-evaluation of internet stocks. Who knows from what I hear the Pope in Rome is to issue statement saying internet is risky investments. What do you think? Should I believe him? Shorts your fun is over. All sellers were out today. Only strong people remain who don't scare off to easily. Tommorrow employment report will be very weak and we will have beginning of summer rally. Just my views.