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

To: Frederick Langford who wrote (2873)	3/11/1998 11:56:00 AM
From: Stephen	Read Replies (1) \| Respond to of 9343

Having been in and out of the internet stocks these past few months, I believe that the current situation with all of them for now is hold if you have them and wait if you don't. Set a price target you are comfortable with and act accordingly. Whilst everyone hates to miss opportunities, they are just as likely to go down now as go up !. The fundamentals aren't there for these stocks to substain a prolonged momentum rally - but they do move in a spectacular fashion and you need to take account of the fact that if the market takes a nose dive, these stocks will fall quicker than most - but I guess everyone knows that ! Also although intra-day they may recover their price, the next couple of trading days will determine their trend ... which looks like it maybe down. Just prior to President Clinton announcing his tax break rules for e-commerce, the other internet stocks were on a serious downturn - Xcit broke through 40 for instance. Seek was bucking this trend as an undervalued play but it will now retrench with the others in my opinion. Just get ready to act and don't try and time the bottom ! Just my two pennies for what they are worth !