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

To: davep who wrote (3677)	4/15/1998 7:13:00 PM
From: OtherChap	Respond to of 9343

>just like iom um, are you referring to the spectacular collapse of iomega after the momentum players left it? I admit, the search engines are a PERFECT stock for todays insane market- they never have to earn a dime, nobody expects them to earn anything, so they can never disappoint! seek will run up now simply because people will say "look, its stock price is less than half of all the other search engines" .. of course, infoseek has roughly twice the number of shares of excite or lycos, but that doesnt matter because all the average investor sees is the STOCK price. not the market cap.

To: davep who wrote (3677)	4/15/1998 7:30:00 PM
From: marie fouchia	Read Replies (1) \| Respond to of 9343

Some of you may notice that there are many stocks out there that have tremendous runs for several days. They all are prey to profit-taking at whatever point, who knows--usually about 3-4 days after the first day of a huge gain. Tomorrow is day #3 for this one. My guts say it will spike early and close several points below whatever high it reaches at that spike. Totally guessing, of course. I would guess there' a bit of a short squeeze happening on this stock right now. After that settles out, it will drop several points. I'm not saying its a bad investment, but its pretty risky right now for any short term substantial profit unless you are a day-trader with your ticker handy, and your finger on the "sell" button, ready to press it the second the momentum eases. Volume in the last hour was impressive. I traded Cybercash when it first IPO'd. Bought it at $49.00 after it had already run up to that from $28 in a couple days. The very next morning I sold at $62 within the 1st half hour of trading. It peaked at 64 and took a dive after that. Its been as low as $10/share, and is finally coming up again. I made $12,000 dollars in less than a day, and thought I was hot shit. I was actually just lucky. It was a stupid, speculative move. I agree that the internet is "happening". So is a lot of irresponsible gambling in the stock market. If you are brand new to this game BEWARE. There's a difference between investing and speculation. Good luck! This is getting close to a good short---short term, anyway-----