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Technology Stocks : GoTo.com, promising Internet search engine

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To: Topannuity who wrote (236)7/5/1999 12:13:00 PM
From: Chi-X  Read Replies (1) of 977
 
Topannuity, shows that Steve Harmon doesn't know too much about GOTO or ASKJ. All major news services were reporting on Wednesday that GOTO was up from the following:

(1) GoTo.com's Online Marketplace Reaches More Than 10,000 Advertisers, 80,000 Network Affiliate Sites, an Estimated 10 Million Unique Users and A Top Relevance Ranking in NPD Survey

This momentum followed through into Thursday with additional news later in the day which major news services attributed its price movement:

(2) GoTo.com Teams With Netscape as Premier Search
Provider for Popular Netscape Net Search Program

I was daytrading Thursday when ASKJ was finally released (took a day off from work). It finally went public around 1:30 PM EST or so which is almost at the end of the day. ASKJ opened at around $72 ran to $76 in the first half hour and then stayed in the 60's for most of the day closing around $64 (you can check for yourself by pulling up a day chart for Thursday on ASKJ). Is this the trading action that GOTO was supposed to be trading in sympathy with?!? I'm pretty sure Steve Harmon would admit he didn't do too much research when he made that statement.


Cheers,
Chi-X hath Spoken!

"Never argue with an idiot, they will drag you down to their level, and then beat you with experience..." - Henri3
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