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Technology Stocks : INFOSEEK (GO)

GO 11.13

+1.5%

Nov 28 9:30 AM EST

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To: Jeff Jordan who wrote (7437)	8/4/1998 11:04:00 PM
From: SkyDart	Read Replies (1) of 9343

OFF TOPIC <<Is this the bottom?>> No. Generally we need a panic blowoff or selloff to conclude this type of a move. Note that the day after last October's selloff [and in July 1996 and again in March of 1997!!!] , we had the market open another 200 or so points down the following am. Today there was an orderly fall after a false am rally. Once you see some panic where the market heads straight down for 200 points in the first hour, then that would be a sign of some conclusion to the correction. But we have not yet seen real panic like in the 1996 or Spring 1997 selloffs. So brace yourself. IMO we have more room to fall. I sold 10% of my puts but am holding the rest for further decline. Sorry, wish I had better analysis. Good Luck, Jeff

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