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Technology Stocks : INFOSEEK (GO)
GO 9.490-0.4%10:12 AM EST
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To: J. Stone who wrote (7938)10/29/1998 9:40:00 AM
From: Tom Klempay  Read Replies (2) of 9343
 
4) We've had an impressive run-up this past month in the market overall. At some point we will have a retracement, and the first to get hit will be high-tech stocks, and of these the Internet stocks.

For a decent writeup on the current rally for all of the inet stocks, check out Steve Harmon's article:
fnews.yahoo.com

I definitely agree that a 59% jump in 2 weeks is setting us up for a retracement. For now, though, I'm just going to continue to go with the flow. SEEK up to 32 3/8 this morning.

Good luck SEEKers and here's to a great report tonight.

-tk
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