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


To: Dave Krishna who wrote (6759)6/3/1999 11:11:00 PM
From: option007  Read Replies (3) | Respond to of 28311
 
Prediction - Employment Number at 170000 for may

The report that sent everyone worrying about interest rates was the CPI figure and not the employment number.

The employment number and the unemployment figure have been fairly tame so far. To expect same tommorrow.

CNBC said today that Dow Jones Utilites were up 2 points today. They should be down. Do they know something about employment number.

On thursday govn't said the unemployment had risen to high level on weekly basis. This does not sound like robust economy.

Logic seems to tell me that today shorts shorted stock because of all negative news and sellers who did not want to take a chance sold stock. Prudent buyers stayed on the side. The only buyers were the aggressive ones.

So let's see what we have tommorrow:
- majority of people on sidelines full of cash looking for excuse to buy.

- shorts who are buyers if stocks rally.

- prudent buyers who sold before not to take a chance and have wallets full of cash.

- Holders of shares who despite all negative publicity have held onto to shares. These are people of character.

Adding all this up leads me to believe that a powerful rally is on the way:

BUYERS SIDE SELLERS SIDE

Shorts Long term true believer
Prudent buyers
People of no risk

This is what rallies are all about. Everyone goes to one side. Employment numbers show little inflation and growth and all switch sides.

Gnet should be way over $100 tommorrow.

Just my views.