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


To: option007 who wrote (6859)6/6/1999 1:15:00 PM
From: Dany Tremblay  Read Replies (1) | Respond to of 28311
 
Option, you had a good post way back there when you discussed some technical fundamentals about this stock not responding favorably. FWIW, I think you mis-stepped when you went on about how PA's $90/share price was the most anyone would pay for and yada yada yada. I get the impression you've dug a hole and instead of stepping out of it you keep digging. This latest post contains a statement about which I would like to add a twist.

You wrote: There is indirect message that seems to want Gnet to go lower. One of them is lack of buying at low prices. Dell did same thing. Everyone kept making excuses but, nobody bought. Eventually longterm investors got fed up and sold sending price plunging.

I'm afraid same may happen to Gnet.


On Dell, the reason Dell has dropped off and did not shoot back up has nothing to do with anything but the fact that the last quarter indicated that their quarterly sales increases are finally leveling off as the world market for PC's is doing the same. Investors are coming to grips with this and therefore the huge premium for Dell, which was only sustained by the promise of tremendous growth, can likely no longer be demanded. Unless Dell starts selling computers to other non-computerized nations or to other civilizations on other planets, these gigantic quarterly increases have to stop. The world can absorb only so many new PC's.

As for being afraid, let me tell you something about FEAR.
FEAR =
False
Evidence
About
Reality

Regards,
Dany