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Technology Stocks : INFOSEEK (GO)

GO 10.22

-0.3%

10:35 AM EST

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To: purecntry5 who wrote (5460)	4/30/1998 5:25:00 PM
From: Tom Klempay	Read Replies (2) of 9343

Pretty easy to see who was doing the buying today, and it wasnt institutions. It was ma and pa thinking they are getting a greeeaaaat deal with the above. Yeah, right, like ma and pa have the dough to be buying over 7 million shares today. Let's see, that's only about 235 million dollars to throw around. So, to whom do the ma's and pa's make the check out to? Some of the reasons for short-term price movements by shorts and longs alike just crack me up. Someone says, "smart money is buying". Someone else says, "smart money is selling". So, how does one know when money actually becomes smart? I guess one could say that the money I used to buy SEEK at $16 is really smart money and the money I used to buy SEEK at $10 borders on the genius (the people who bought at 4+ and have held have the genius money). Now, I guess you could say book is still out on the money I used last week to buy SEEK at 29 (it's just slightly smart). Good day true SEEKers... -tk

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