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To: ChinuSFO who wrote (305)	7/8/1999 9:38:00 AM
From: Mike Fredericks	Read Replies (1) of 977

Sorry, but I don't understand this paragraph: If GOTO closes lower then it is a good sign. -3 or so would be good indicating that it is cooling its heels prior to another runup. Today is especially significant since it is widely expected that there will be profit taking after YHOO's earnings. If GOTO resists and closes down 3 or so, that would signal a good future. If the nets as a whole are up today because of YHOO's earnings (YHOO was up 6 or 7 in aftermarket yesterday) and GOTO is down, to me that's not good. The rising tide of the 'net stocks should lift GOTO and if GOTO fights that trend, it's bad. (If all nets are down, different story). When you say "it's widely expected that there will be profit taking..." I'm assuming you mean that it's widely expected that the nets will close down today. Assume there is profit taking and the stocks close down a bit, why would GOTO closing down 3 be "resisting?" I think I disagree with you that there will be profit taking across the board, but regardless of whether I agree/disagree I don't think I understand that paragraph. If you could explain, I'd appreciate. Thanks, -Mike

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