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Technology Stocks : INFOSEEK (GO)

GO 10.17

-0.9%

3:20 PM EST

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To: Smart Investor who wrote (8428)	12/11/1998 6:45:00 PM
From: Raj Ramaswamy	Read Replies (1) of 9343

My broker at MS Dean Witter said today, funds money has been coming into SEEK last few days...he also said, (HIS OPINION) of seeing SEEK at higher levels with the new WEB release etc... SEEK did close strong...!!!! Nothing. It is already built into the current price. I think SEEK will drop again 1/2 -1 hour before closing just like Wednesday and Thursday. If you look at the pattern, it is easy to understand. A bunch of day traders bought a lot of share at the open trying to make a few points, that buying push the price from 39 to 44 initially. Then the buying drys up, and it is slowly trending down. before the end of the day, all the day traders will unload their share because they do not want to carry the share overnight, which will lead to a sharp decline just before the closing. We will see next week...I am very hopeful...any dip,if at all happens will be buying opportunity, IMHO.. Raj

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