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Technology Stocks : INFOSEEK (GO)

GO 10.10

+0.9%

12:23 PM EST

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To: Charles Ting who wrote (8699)	12/29/1998 6:57:00 AM
From: tonto	Read Replies (1) of 9343

The 2nd and 3rd tier stocks have literally become holds for no longer than hours on some stocks. Traders are happy with a 150% profit and look for the next one to move. Others are held for a few days when they are aware of a CNBC Squawk Box appearance. (SKYM for example) Yesterday was another excellent day for the net stocks. The holiday sales stories fueled the fire, again. That final major story be a signal to watch closely. It could very well be the beginning of the correction as we now will have the focus directed towards earnings. The expected weakness is starting to appear. The stocks have gotten ahead of themselves, and analysts will recognize and comment on this. Look at SEEK, it naturally slid to 2.4 after the great gains recently. I believe their forecasted losses for so many years and the initial lack of enthusiasm over the beta version of Go.com also contributed. quote.yahoo.com LCOS, YHOO, and XCIT all retained their last week ratings. Those portals are profitable and that may have something to do with it. They also are followed by more analysts and I expect them to move down next week. Today will undoubtedly be interesting once again. What a market!

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