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Technology Stocks : INFOSEEK (GO)
GO 10.11-0.4%Dec 31 3:59 PM EST
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To: Craig Rogers who wrote (8009)10/30/1998 2:40:00 PM
From: Rommy B.  Read Replies (2) of 9343
 
I've seen on different ocassions stocks that report bad earnings or other bad news gap down substantially overnight. During the early morning they usually recover some of their losses. But almost always, within a few days, the price drops below the initial gap down. I'm not sure what the cause may be, perhaps momentum players or MM or some other factors. It'll be interesting to see how SEEK will play out later on in the day and next week.
-Rommy
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