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

To: Puna who wrote (6837)	6/6/1999 10:26:00 AM
From: option007	Respond to of 28311

Explanation of Gloom and Doom How much of a loss will it take to convince you that Gnet is going down. Look at the facts: - Many IPO's coming that will take attention and money away from Gnet. - there is no momentum in Gnet. No buyers even at cheap price. - good news is already priced in Gnet. Bad news isn't priced in. - cable TV internet could turn out to be a flop. Alot of competition. - Gnet is too reliant on 1 person; Paul Allan. This is dangerous. - Gnet does not rally strongly on days Yhoo goes up $10 or more $$$. - Allan did not raise his stake in Gnet even at low price. - management very happy to sell at $90.....Why????????? - Gnet has market cap of $1.6 billion; sales of $16 million????? - there are no barriers to entry on Gnet. - Msft could easily make deal with Allan for similar product like Gnet. - analysts recommend to avoid internets. People just keep making excuses for Gnet. First it is a correction, then what Russell said, then what Mary Meeker analyst said, then what Greenspan said, then interest rates. But one thing is constant, Gnet continues to selloff. If company was solid, like say a CSCO or Msft or other selloff would be limited in stock even though sector was weak. This looks bad for Gnet. Anyway make your own decision. Just my views.