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


To: B. A. Marlow who wrote (6808)6/5/1999 3:15:00 PM
From: Puna  Read Replies (4) | Respond to of 28311
 
Gnet's ‘floor' of $90, how serious is a drop below it?
I first bought in to Go2net @ $139 last month and have been down averaging ever since, and now can turn a profit @ $115. Of my 12 investments, Gnet is my heavily weighted center piece, I believe in this company strongly.
My concern now is this stall of Gnet at +/- 100 . I have a general handle on why the overall Market Tech/Nets are down, and why Gnet may not be responding now while other ‘similar' stocks have nudged up, as has been observed on previous posts, But this floor thing scares me because (as most feared things) I don't understand it, and it sounds serious.
This TA stuff is still foreign to me. I'm just a retired fisherman who wants to invest in Net stocks with a future. I truly appreciate those polished Net stock wizards out there that are so helpful, (especially those that are not flaunting their egos too much)
Is this ‘floor' of around $90 the point of departure? Should I bail out below this? Is my strong belief in this company blinding me to the point of losing the current picture? Or should I buy more @83? ( my last was 93) and sit back and let this Co.grow at it's own sound pace?
I know most of this is for me to research further on and figure out, but thanks for any feedback. Puna Pickle
PS- Excuse the silly name it just popped into my head when I signed up to SI... Good luck to everyone in the coming weeks.