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Technology Stocks : INFOSEEK (GO)
GO 11.35-0.3%Dec 5 9:30 AM EST
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To: Doug West who wrote (4120)4/17/1998 7:05:00 PM
From: STK1  Read Replies (1) of 9343
 
Doug
we rallied at 3 pm to over 40.Maybe a short squeeze but probably new investors after taking profits.All in all the vol was full of 100 200 share trades at the bid.over 22 thou trades avg trade 600.We did very good considering the down side early in am,Buyers are out there.Once the sector lights up again monday seek will follow the pack.Its now a player.A larger buyer who made some today will be back in monday.Probably till 60.Some got bought today around 36 large position.I see good support at 35.we are only down to wed avg price.
if i had more profits I'd be in xcite.it will see another run also.
With the net adding over 100 thou users a month the ad people are going to be looking for more exposure every month.AS seek comes to age it will command the same price as the others.I heard on the street that too many fund managers that position in small caps are worried that they have waited too long to get in the small caps.They don't look good.The 1st qtr ysually lets the big guys run for the gate because of the dec sell off and earnings reports.This time the smalls are late getting in the game.We will see more then 58 billion in the mutuals this time around,mostly headed for the smalls.The internetr companie engine stocks will always benifit.
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