Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Craig Rogers who wrote (2152)	1/29/1998 10:39:00 AM
From: OtherChap	Read Replies (1) \| Respond to of 9343

I sold my entire position today at 12. For the first 15 minutes nearly every single trade was at the bid, and then it started rising 1/16 on even the smallest purchase at the ask. This thing is being manipulated like crazy. The current level is being supported only by the market makers. I'd go short, but there's always the risk it could pop up a couple points on good news. I much prefer my existing short position (held from 68) in Yahoo. With infoseek dumping an average of a million shares per month, this stock is going to go down. The market makers can't hold it up forever. I agree- manipulation is occuring.

To: Craig Rogers who wrote (2152)	1/29/1998 11:00:00 AM
From: MGS	Read Replies (1) \| Respond to of 9343

I think that there is manipulation; the price can't support this levels; take a look at this points please: 1) We will have ~10% + equities outstanding so this is like the price is @ 13 1/4+ (considering the new emission); not so cheap 2) BTAB & Merril are sustaining the price now, but for how long? 3) We have MSFT that should launch its own search-engine "Yukon" in February 4) It's going to change the perception on the serach-engine stocks; the momentum could fall shortly caused by an expectation of a weaker quarter (seasonality slowdown); this is not only my feeling but is what I've read on the latest reports from major merchant banks; they expect a weaker quarter for this sector and suggest to buy on weakness = they expect lower prices. All in all, in my opinion, this is an excellent occasion to sell for who is still invested. Best luck!