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Technology Stocks : INFOSEEK (GO)

GO 9.765

-0.3%

Jan 26 3:59 PM EST

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To: Slide Rule who wrote (8244)	11/19/1998 9:14:00 PM
From: kgreen	Read Replies (1) of 9343

SEEK has a pretty reliable trading pattern. After it does one of its crazy runs, it tends to pullback to just below 30 (of course, it's crashed below 20, but I wouldn't count on that now with Disney involved). I would look to re-enter SEEK around 26-27. I would say 29, but with Bell selling off a lot of shares.. and the news out today.. some investors may well take profits and drive the price down a little bit more than the usual pullback. Whether you re-enter at 29.. 32.. or 26.. I think SEEK really does have the potential to run up to 50 in the next 6 months or so. If you don't want to spend a lot of money.. you could pick up the December or January calls. Let SEEK drift down tomorrow.. and then snare the Dec 30's or the Dec 35's (which should be decently valued tomorrow)... or give yourself a little more time and buy Jan 30-35's... I can tell you this much.. SEEK has never let me down. I rode it up twice in six weeks into the mid-30's.. took my profits on half my shares.. and then bought puts. I'll sell those tomorrow for a profit and jump right back in long. Love SEEK! Kath

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