Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: WallStreetTips who wrote (6784)	6/4/1999 8:03:00 PM
From: Stephen O	Respond to of 28311

Whatever the majority think they are always wrong.

To: WallStreetTips who wrote (6784)	6/4/1999 8:30:00 PM
From: Hawkmoon	Read Replies (3) \| Respond to of 28311

WST, That's not the indicator I want. I need a bloodbath that involves a wash-out of sellers, and volume reversal in all the internet biggies. When the majority of investors think the stock is undervalued, the contrarian indicator might be that holders will utilize that sentiment to distribute and pass the torch. The technical damage in the ^DOT and ^IIX is pretty severe. I would ask those of you who are TA gurus exactly how many stocks you've seen break through their 50 MAs and not touch or come close to their 200 day average before heading to new highs?? Like I've stated before, I love the company, love the properties, and have tremendous respect for Russell and what he's achieved thus far. But until he is able to convince the street not to treat GNET like any other portal, and respect the fact that this company has earnings and is growing its user base while others are losing ground, they will paint the stock with the same brush as Amazon.bomb. I really hope I'm wrong... If GNET breaks through $110 with confidence, or holds its recent support of $90 during anther drop, I will be looking to reenter. And before you all give me crap for speaking my mind, you should take a deepbreath. There are tons of people who come out here and constantly discuss the positive TA on GNET and everyone cheers and whistles. So give some of us who are trying to read the TA tea leaves some respect for offering a risk/benefit analysis. It can't help but make us all better investors, better traders, and hopefully wealthy enough to know when to sell at the highs, and then double or triple up on our positions when the stock goes on sale as it essentially has. (just consider the TA analysis part of the haggling process where buyers and sellers come to agreement on their price). Regards, Ron