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Technology Stocks : GoTo.com, promising Internet search engine

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To: Mike Fredericks who wrote (309)	7/8/1999 9:50:00 AM
From: ChinuSFO	Read Replies (1) of 977

Mike, I agree with you in that I doubt there will be profit taking in the Nets today. But if we are to take a cue from history, investors have typically sold after YHOO earnings in spite of YHOO reporting good earnings. Now to me that is good as far as history is concerned. Today, I think the situation is a little bit different in that investors have a better confidence level in the Internets than they had 3 months ago. I think they have also come back into value stocks in the Internet sector in the past 2 to 3 weeks etc. etc. So we may buck the past and the Internets may not be subjected to profit taking. So far the Internets have opened on the plus side and they are bucking the trend of the broader markets. But in this market things could change rapidly. Now back to what I said in my earlier post. Should the Internets be subjected to profit taking, they will go down about 10 average. If GOTO just goes down 3 only, then it is a good sign as it is above the average of -10. Hope I have got my point across. Regards

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