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Technology Stocks : INFOSEEK (GO)
GO 9.580-1.7%Jan 16 3:59 PM EST
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To: kjude who wrote (3055)3/15/1998 11:35:00 AM
From: Tim Luke  Read Replies (1) of 9343
 
If you go back to the first few hundred posts I stated that I thought seek was a 20 stock back then. But that was on a takeover, so my reason for saying seek will head back down to the mid-teens is simple.

It is a stock that is overbought, it did make a good run on a week of everyone jumping on the search bandwagon. This week that will all fade and MM, investors will be taking their profits. I still believe seek will be bought out but it won't be at this price, it will have to settle to the mid-teens before anyone will jump in. Being a day trader it is my job to follow these type of stocks that make big gains in a short period of time and what follows is a sell off. Keep in mind seek is not a dell so all it will take is for the MM to start dumping their shares which I believe will start this week and the rest will follow..

As always this is just my opinion and you know what they say about opinions!
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