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Technology Stocks : GoTo.com, promising Internet search engine
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To: brk who wrote (822)8/3/2001 9:50:41 AM
From: Ryan Bartholomew  Read Replies (2) of 977
 
Brk,

Thanks for the compliment. No - I am not behind the FWHT rise (other than the $ I spend as an advertiser with them). I now have 5,000 shares acquired at an average price of $1.80, so I am sitting pretty right now.

I have the impression you are a technical-analysis chart guy, judging by your price comments. I disagree with your claim that FWHT will soon be back to a price of $2.00. Why? Because this stock is moving for fundamental, not technical, reasons. Look at the sharp rise in volume and price. People are just catching on. I am also wondering if there is something going on behind the scenes. In any case, this company is fairly valued in the teens right now, so don't look for any extended pause in the price run-up. My guess is that the stock will double again within the next 3 months and will hit double-digit levels towards the end of the year, based on the fact that investors will simply be unable to shun a profitable company in an explosive sector with quickly climbing revenues. Buy and hold while you can.

As for GOTO... I have roughly the same opinion about them. While they certainly could shed a couple of points in the short-term, they are also a leader in an explosive industry and are going to be profitable for the remainder of the year. Market psychology and trends can only fight fundamentals and earnings for so long. I think GOTO will be in the 30's by year end.
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