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Technology Stocks : INFOSEEK (GO)
GO 10.19-3.5%Dec 16 3:59 PM EST

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To: American Spirit who wrote (9079)4/29/1999 12:16:00 AM
From: SkyDart  Read Replies (2) of 9343
 
BUY SIGNAL/SEEK @ 52

The boat is loaded and I added some more Sept Calls today. [I bought SEEK at 11 and sold at 44 last Spring; and consider myself now a SEEK oldtimer, albeit infrequent poster on this thread]

SEEK is forming a triangle that IMO [market willing] should break out soon to the upside by the distance of the left side of the triagle [about 20 points].

Therefore we should see IMO prices in the 60's and possibly low 70's in the near term.

The MACD histogram is now coming back up and we see a bullish divergence bewteen On Balance Volume and price. We are also sitting on the 200 day EMA. An EXCELLENT TIME TO BUY.

These indicators have helped me in the past 6 months to buy YHOO at 250 [pre-split and ride it to 350] as well as purchasing ONSL at 33 and riding it to 47. These have also helped me recommend a buy on AMZN at about 110 [when I was tarred and feathered on that thread] to watch it go to 210.

Good luck all,

Now a SEEK oldtimer,

Dart

Thes
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