INFOSEEK (GO) Message Board

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Technology Stocks : INFOSEEK (GO)

GO 20.86

-0.2%

Jun 18 5:00 PM EST

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To: purecntry5 who wrote (5523)	5/1/1998 1:26:00 PM
From: Olu Emuleomo	Read Replies (3) of 9343

Seems like SEEK was abandoned by day traders today. Yes, vol of 1.5m is low asof 1:25pm. However, remember that volume was falling off before it got the Buy rating from CS First Boston. I expected that SEEK would trade to around $38 before getting hit. Rather disappointing that this did not happen even with the buy rating!!! (I covered my short with intent to re-short at $38) This means that smart money is selling. I am now expecting a drift down to 50day at around 25 or so (selling should accelerate once we close under 30. However, I really wish this guy would trade to $38, since that's the safest way to make money from SEEK. (or AMZN to above $95 :-) ) --Olu E.

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