Lycos Message Board - Msg: 5544477

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Technology Stocks : Lycos

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To: Mike Farrar who wrote (913)	8/20/1998 2:08:00 AM
From: SkyDart	Read Replies (1) of 2439

>>Lycos is not going up tomorrow. The stock is up 20% in 2 weeks>> You may want to look at the MACD to determine how likely it is [or is not] for a stock like lycos to rise. The MACD indicator has been remarkably, albeit not 100%, accurate in the past on lycos and the other major Portals. Now it is signalling a strong buy. If you notice the chart, the last time lycos was at this level, having risen already 20%, guess what it did? Did it drop because it had risen "20 points in 2 weeks"???? NO; IT ROSE ANOTHER 20 POINTS THE VERY NEXT DAY!!!! Is it possible lycos will drop tomorrow [ie sell on the news]? Sure, but is it likely? IMO not very. Just my 2 cents. Good Luck, Jeff

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