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Technology Stocks : INFOSEEK (GO)
GO 10.10+0.4%2:35 PM EST
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To: HerbertOtto who wrote (3543)4/9/1998 3:49:00 PM
From: StormRider  Read Replies (1) of 9343
 
I think the only reason we're seeing those other 3 search engines move a lot higher is because they are experiencing the "AOL phenomenon" (in other words, a lot of short interest). Also, each of those stocks have only 5 or 6 million in the float. No question all of these internet stocks are overvalued. The problem is that traders are trying to short them while the engines are starting to make money. This makes for a lot of emotion and wild swings. Needless to say, it's dangerous. I just wish I had the juevos to buy yesterday.
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