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Technology Stocks : GoTo.com, promising Internet search engine -- Ignore unavailable to you. Want to Upgrade?


To: Stephen who wrote (235)7/5/1999 8:37:00 AM
From: Topannuity  Read Replies (2) | Respond to of 977
 
From Steve Harmon - internet analyst - on GOTO valuation... I wasn't alone in thinking GOTO got ahead of itself at $50, even though I own 100 shares from the IPO level. Hersh

To: Topannuity (2063 )
From: steve harmon - analyst ( Ignore )
Monday, Jul 5 1999 4:38AM ET
Reply # of 2079

goto - on relative basis goto looks frothy, it ran on sympathy with ask jeeves
(nasdaq:askj)

i see room for simple search and new search types, these appear to be getting ahead of
themselves in value since the others have run greatly from the 1995-now period

people are buying the next wave or at least trading it
i don't think goto or jeeves should command the valuations they have but it may not stop
them from rising, same as it didn't stop yhoo-lcos-xcit-seek



To: Stephen who wrote (235)7/6/1999 1:19:00 PM
From: Stephen  Respond to of 977
 
I took my profits. I was half inclined to do so as I expect some profit taking prior to Yahoo's reporting ... and today run-up was too tempting.

Good luck to you longs

Stephen