INFOSEEK (GO) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : INFOSEEK (GO)

GO 10.21

-0.6%

Dec 29 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bob Logan who wrote (8477)	12/13/1998 5:15:00 AM
From: euro	Read Replies (1) of 9343

More news is always old news,Here is a sobering take from yahoo I dont think ive seen as much hype pushed in one weekend as ive seen on this stock in awhile. Hype around old news constantly repeated in bold capitals to the point of being obnoxious indicates some have an obvious anxious quick desire to become rich. (Gold rush of 49) Well folks it aint that easy, for shorts or for longs.. These folks are usually trigger happy when the plan fails and they have on their backs like a monkey the spector of losing a fat percentage on this kind of speculation. Kind of like when seek fell from 47 in seconds when every trader pulled their bids at once/not pleasant. Call me crazy but what i have learned over the past is that when the hype gets this frequent and intense appearing like cheap grafitti everywhere on other peoples property the stock unfortunately doesnt move much. IT is just to obvious the end goal of that hype. In other words it is to easy. Take a look at Atec, they announced new news last week about opening an internet superstore as a supplier of over 25,000 computer related prodcuts and yr2k remedial services, it was hyped everywhere and i mean everywhere. The stock barely moved the first half hour from where it had closed the day before and then poceeded to drop since its speculative move took place the day before and then went down even more as the very short termers bailed on realizing that money doesnt grow on trees//. And mind you this was new news not an old story the market already knows about. Seek and disney is somewhat old news. Seek has a very long road ahead of it as the whole sector does in proving that it is viable commerce and enterprise. Disney knows all so well if you look at its charts. Just remember Money doesnt grow on trees and billy bob who bought bamm at 47 knows all to well. Good luck to everyone and also Tipper Gore over the next year. Comfortably short here 500 shares. Check out upcoming article in Barrons on "Shorting the Tulip".

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next