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Technology Stocks : INFOSEEK (GO)
GO 11.19-1.4%3:29 PM EST
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To: im a survivor who wrote (9274)8/14/1999 12:19:00 PM
From: Stephen M. DeMoss  Read Replies (1) of 9343
 
I too am an owner of SEEK. I have to say I too am dissapointed with the failure of management (both DIS and SEEK) to make clear the value of this 'buy out'. It feels like a deal that gives the company to DIS for whatever the market on a given day will bare. I bought in 4 months back because I thought the pending deal would give support to the stock. I was lucky to sell calls on it each month to lower my cost to about 40! Now I debate whether to average down into this vague situation or just let my money be dead until management clarify's the value of the deal (can't sell calls until the price appreciates at this point). A fair minded person at least has to agree that Seek management did not negotiate well for shareholders and that DIS did a great job in getting something for apparently, nothing. I have freinds that held up to the highs of this year. They too are very dissapointed. Thoughts? Steve D.
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