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Technology Stocks : INFOSEEK (GO)

GO 9.580

-1.7%

Jan 16 3:59 PM EST

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To: gamesmistress who wrote (2823)	3/10/1998 2:38:00 PM
From: james h. snyder	Read Replies (1) of 9343

if you go to seek's 1 day chart (big), look at 12:45 and notice a quick spike down, people who had stop loss orders in were "taken out", the market makers bot these relative cheap shares and they knew, or allowed, the stock to rise. i was taken out of western digital yesterday for a loss. my trading partner wanted to enter a stop loss on seek this a.m. at 22 and try to buy back in, i recommended that we not do it because if the stock took off there would have been a chance for the mm's to take us out and run the stock higher without an opportunity to buy in except at a higher rate, inretrospect, he was right,could have sold at 22 and get back in under 21. i made the wrong call, tho we got into seek at 16 so i / we made the right call that time. j

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