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Technology Stocks : GoTo.com, promising Internet search engine

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To: Topannuity who wrote (236)7/5/1999 11:33:00 AM
From: ChinuSFO   of 977
 
Topa, the internet stocks are a mystery to every analyst including Steve Harmon. According to them they should not be going up the way they are doing. And GoTo is no exception.

I disagree with Steve that GoTo went up in sympathy to ASKJ. My thought is that there are people out there with money and are looking for Internet stocks that are still low priced and they can jump in on. GoTo is one of them. At $50, it is on the fringe and I expect to see some investors come in tomorrow and drive it up to say 70 to 75 (the stock price of a 2nd tier Internet stock such as NSOL, RNWK etc.) Then I suspect GoTo will be subject to profit taking.

We just have to wait and see.
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