INFOSEEK (GO) Message Board

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Technology Stocks : INFOSEEK (GO)

GO 9.420

-0.4%

12:25 PM EST

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To: Michael Young who wrote (6393)	6/7/1998 12:31:00 PM
From: Jeff Jordan	Read Replies (2) of 9343

<<I am long on SEEK....we will see $40's again this fall. The time to buy stocks is when they are 60+% off their 52wk highs!>> WRONG!! The time to buy an overvalued stock is NOT when when momentum players are fleeing and the stock is breaking down technically. micheal, How am I wrong? I do not see a "breakdown" . If smart money was fleeing the stock you would be seeing much higher volume and we we would already be looking at $15. Infoseek is not overvalued IMO and I feel it's earnings growth potential are great. I am very comfortable with my position in SEEK, should consolidation in the sector continue as I feel it will Infoseek is well positioned to be a leader. Jeff

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