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Technology Stocks : INFOSEEK (GO)

GO 10.19

-3.5%

Dec 16 3:59 PM EST

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To: ALTERN8 who wrote (9046)	4/14/1999 4:51:00 PM
From: Apakhabar	Read Replies (2) of 9343

The disappointing revenues are all it takes for the mad dash to the exit begins. When stocks are as highly-valued as the Internets are, all it takes is a whiff of bad air to halve the price. Buying during this sell-off is crazy IMO. Why try to call the bottom? This stock will have support at 50, if it falls that far tomorrow, and it might. I've held SEEK in the past and am looking forward to buying it again, but only after it settles down and finds a range. If you're holding, hey, I'm sure you're used to these swings. But if you're on the sidelines, it's better to wait it out or even go short if there's a bounce tomorrow at the opening (although I think it will open down given the selling pressure at the end of today).

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