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To: HungryMan who wrote (275)7/6/1999 5:10:00 PM
From: $Mogul  Read Replies (1) | Respond to of 977
 
GOTO will see increasing profit taking tomorrow. I will look for re-entry over this week and next.

$Mogul



To: HungryMan who wrote (275)7/6/1999 5:23:00 PM
From: Stephen  Read Replies (2) | Respond to of 977
 
HungryMan, I sold my stock based upon the fact that there will be longs who want to cash out before the Yahoo earnings. I also noticed that ASKJ was very weak today and couldn't maintain any rally. With Yahoo and SEEK finishing down for the day the portents weren't good - so GOTO's performance was all the more impressive !!. However, that probably has more to do with people climbing on board one of the days momentum stocks than anything else imho.
So - where from here ??. If the momentum fades, then down. It maybe down anyway just because traditionally, profit taking always hit these stocks immediately after Yahoo's earnings, and there seems to have been a shift to take profits before announcements this last few months. On the otherhand, if you are well ahead, you have room to guage the action ... so there's no point in acting too quickly.
I'm not much help am I ????..... on second thoughts ... you're probably better off tossing a coin than reading this message !!

Good luck whatever you decide

Stephen