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Technology Stocks : INFOSEEK (GO) -- Ignore unavailable to you. Want to Upgrade?


To: S.C. Barnard who wrote (942)10/22/1997 1:20:00 PM
From: RLM  Read Replies (1) | Respond to of 9343
 
IMO, if Seek doesn't meet earnings, it will fall. My reasoning is
that both Yahoo and Excite beat earnings estimates. The other
problem I see is that Lycos, Excite and Yahoo have all pulled back
recently, so this so-called sector is going in the wrong direction.
The good news is that these stocks are down today and up tomorrow, very volatile. Long term Seek will be GREAT, we will see short term.
If Seek drops I will be buying much more.



To: S.C. Barnard who wrote (942)10/22/1997 10:58:00 PM
From: Schiz  Respond to of 9343
 
If they come in at -18 and don't do a good job of explaining how they're going to change that in this quarter it will probably drop a very large amount. Under 10 maybe even lower (imo).
The other three have all beat estimates. As was stated earlier yhoo and xcit actually reacted negatively. An upside earnings surprise is already built into the stock. If they miss it we could get one more good buying opportunity. I think the stock has good potential in the long term and will take anything under 10 as a buying opportunity.

I think yhoo went up immediately after their earnings announcement but then fell below what they were trading for before the announcement within the next couple days.
xcit drop probably has something to do with aol pulling out? Is this true? I seem to remember reading a post somewhere but I haven't seen anything on the newswires.