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Technology Stocks : INFOSEEK (GO)
GO 9.590-1.6%Jan 16 9:30 AM EST

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To: Craig Rogers who wrote (2152)1/29/1998 11:00:00 AM
From: MGS  Read Replies (1) of 9343
 
I think that there is manipulation; the price can't support this levels; take a look at this points please:

1) We will have ~10% + equities outstanding so this is like the price is @ 13 1/4+ (considering the new emission); not so cheap

2) BTAB & Merril are sustaining the price now, but for how long?

3) We have MSFT that should launch its own search-engine "Yukon" in February

4) It's going to change the perception on the serach-engine stocks; the momentum could fall shortly caused by an expectation of a weaker quarter (seasonality slowdown); this is not only my feeling but is what I've read on the latest reports from major merchant banks; they expect a weaker quarter for this sector and suggest to buy on weakness = they expect lower prices.

All in all, in my opinion, this is an excellent occasion to sell for who is still invested.

Best luck!
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