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

To: D Wynn who wrote (2874)3/11/1998 11:56:00 AM
From: Tim Luke  Respond to of 9343
 
<Why not buy now>

In my opinion this stock is headed lower do to a couple factors:

1. Overbought

2. Many people have been in this stock for a long time waiting for 20 to get out and that is what you are seeing now. There will be more selling pressure over the next few days sending it lower and then building a base in the mid-high teens. One thing that I have learned the hard way (- $$$$) is NEVER chase a stock that makes a quick run up.


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