SI
SI
discoversearch

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: Puna who wrote (6809)6/5/1999 3:30:00 PM
From: Sleeper  Read Replies (1) | Respond to of 28311
 
PS- Excuse the silly name it just popped into my head when I signed up to SI. If you think that name is silly, check out some of the other SI members' monikers...

Sleeper



To: Puna who wrote (6809)6/5/1999 7:19:00 PM
From: B. A. Marlow  Read Replies (2) | Respond to of 28311
 
You're doing just fine, Puna.

A lot of people who aren't day-traders feel compelled to follow their stocks on a minute-by-minute basis. Frankly, as a couple of our Doc shareholders might point out, this is, well, a "compulsive disorder." About the only thing less useful is watching grass grow. TA is simply a technical way to reconcile investor sentiment, explain a stock's trading history and understand its trajectory. The good news is that you don't need to master TA in order to make great investments.

However you got to your accumulation strategy (averaging down), it's a very effective investing approach. Just commit to holding GNET for the long term and you'll be fine. If GNET drops from present levels and you can afford to invest more, you can add to your position. Many experienced investors believe, however, that we've seen the lows for this cycle.

GNET won't likely lead the Nets' recovery from the pull-back because it's not yet widely held and has limited Wall Street coverage. YHOO, EBAY and, judge's verdict in hand, AOL will likely be at the front of the pack. Still, GNET will participate handsomely in a resurgence of Net momentum and, with any luck, will ultimately outperform them all.

If you want a reason for confidence in this firm, I think I can give you one. GNET has a lock on an elusive operating strategy. It's one you won't find in a textbook on--perish the thought--"business models." Even the legendary Warren Buffett, who thinks he's preaching it at his annual meetings, doesn't really understand it; he mimics it. Of course, it's simple, but don't be deceived: it's h-a-r-d. Unlike 99.9 percent of public companies, GNET somehow knows how to grow while remaining a "family." SI is living proof of the power of such community. Here, you're in the company of people who make a difference. You will, too.

High ground even for cyberspace, wouldn't you say?

BAM



To: Puna who wrote (6809)6/6/1999 12:08:00 AM
From: option007  Read Replies (2) | Respond to of 28311
 
Bail out of Gnet as it will break $90 this week..

The idea of averaging down is good but, you have to be careful is it goes down too much with no hope of return.

The signs on Gnet point to further selling ahead:
- Nasdaq up 75 points and Gnet up only 3 points.
- Gnet is suppose to be cheap at $100 and no one is buying.
- Paul Allen only wants to pay $90 per share.
- Paul Allen did not make higher offer for shares?????
- management eager to sell at $90.
- Russell says that Paul Allen is smart investor to offer $90.
- gnet has lost more than 50% value.
- management not fighting for higher price on Gnet even when $199???/
- Gnet made more additions since march and Allan still paying $90.
- big competition in this field from AT@T and AOL.
- big fund managers say to avoid internets.
- too many IPO's coming soon.
- bullish analyst Mary Meeker says internets to fall 20% more.
- interest rates to be raised soon.

All this says be prudent and sell you positions. Don't average down anymore as stock will plunge when it breaks $90.

Just my views.



To: Puna who wrote (6809)6/6/1999 2:24:00 AM
From: Larry Zenith  Read Replies (1) | Respond to of 28311
 
The $90 floor was gone on Apr 15. I think Paul Allen placed a large limit buy order @90.

That is why 90 was touched Wednesday, and Gnet never fell below that.
I still believe PA wants his controlling position in Gnet. Who knows when he is starting to buy?

Paul Allen is visionary. Besides MSFT, he wanted to invest in AOL in 93, got rejection from Case. $800M in AOL then is worth around $12B now. Now he invested in Gnet as part of his "wired world". He is going to pull off.

Larry