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Technology Stocks : INFOSEEK (GO)
GO 9.300-2.6%3:59 PM EST

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To: Lawrence Burg who wrote (6372)6/3/1998 8:26:00 AM
From: David  Read Replies (1) of 9343
 
I am not sure if you can really "take away" any useful information from that type of analysis with this type of stock. Besides charting for support levels, not much else will work. This issue has and will move based partially on sector moves (yhoo, lcos, xcit, etc.) based on news and hype. Looks like seek will have to get back to level it was at prior to wild run up earlier this year-around 20. lcos is moving back to 46 when it ran up and same for others. yhoo may be only one not to go all the way back as it is distancing itself like aol did in eyes of generally stock buying public. I love tech analysis and chart most stocks I trade prior to days open -I daytrade-but have trouble using it with this type of stock. Just some thoughts.
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