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

To: gbh who wrote (6828)	6/5/1999 11:56:00 PM
From: option007	Read Replies (4) \| Respond to of 28311

STOP MAKING EXCUSES FOR GNET - MORE SELLING TO COME... I love Gnet but, the fact is it is way overvalued at this moment. Company has sales of only $16 million per year. Earnings of about .07 cents per share. Gnet has no cash as it all belongs to Paul Allen. He has preferred shares. We tested $90 once and will do so again this week. Why you say. Because Paul Allen is only willing to pay $90 for the shares. To convince management to sell without hestitation it makes common sense that shares trade under $90 by June 17. I expect shares to drop to $82 by June 17. All Gnet has is Paul Allen. If he pulls plug Gnet is finished. Too much risk for too little reward. Internet TV is years away and may turn out to be a total flop. If institutions won't buy Yhoo or Aol what makes you think they would want Gnet at this moment. Believe me if Paul Allen says Gnet is only worth $90 then it is only worth that if not less. Wake up people, you had a nice run. Take some chips off the table and await for new plans by Allan. By the way, there should be selloff in Gnet on Monday on annoncement of 10 million message. Remember buy on rumour and sell on fact. Sincerly, Just my views.