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

To: Pakman2000 who wrote (4211)	4/18/1998 7:18:00 AM
From: Doo	Respond to of 9343

Speaking of Mr. Softy and SEEK, what'd'ya make of this: infoseek.com

To: Pakman2000 who wrote (4211)	4/18/1998 11:59:00 AM
From: ViperChick Secret Agent 006.9	Read Replies (3) \| Respond to of 9343

"I'm sorry but there just aren't enough hours in the day to educated you." Nice sentence. " It is a fact that venture capitalists sold over a million shares in after hours on the 16th. It was reported by CNBC as it was happening." Actually no, it is not "FACT" according to your source. The "FACTS" of the report from CNBC were that it was RUMORED that VC's were looking to sell over 1 million shares of XCIT ....NOT that they HAD sold over 1 million shares of XCIT. Do you really think that all of those shares were sold in the after hours market?????? Do you have any concept of how thinly traded that market is, and if you were a fundie who had the money to buy those shares would you do it in after market hours BEFORE YOU HAD LISTENED TO THE CONFERENCE CALL. Quite frankly, I wonder if they would buy 1 million shares after what was said in that conference call at that price that was quoted on CNBC in after hours trading.... Whoever bought those shares after hours -like you claim - would have taken a big bath on them. And if they were going to buy the shares to help support the price they would do it during regular trading hours. Some people were saying that this was a fishy RUMOR because a VC would not announce so plainly 1 million shares for sale. There are still some questions about that whole scenario. If you think about it, you should understand what I am saying. As Irby (who has far more experience) pointed out, why would they try to sell in such a thinly traded market. Why not wait for the next day? Did they see earnings, etc. and want to get the hell out of the stock and were floating the idea out there to see if they could get any takers and at what price. Or was it simply a rumor circulated by the shorts. Yes this does happen and yes it can be announced on CNBC. In fact, Maria B. flatly said that it was a RUMOR that these shares were for sale. And it does make a difference as to when the shares were sold IF ALL OF THEM HAVE EVEN BEEN SOLD YET. It is not guaranteed that they sold out after seeing the price on Friday. Were they part of the 6 million shares turned over Friday. Or was that 6 million MORE shares turned over. BTW, that is not 6 million shares investor to investor....and my guess... not even 3 million shares investor to investor. And they could have traded these shares privately as well and you wouldnt see it on the tape. And has anyone "long" thought about this and asked WHY did these VC's want to sell out right after EARNINGS??????????? "ALL OF THESE STOCKS ARE NOT THE SAME for instance, if Infoseek was to get the contract that is rumored..that will mean certain things that it wont mean for Excite." The fact of the matter is that these internet stocks have hall been rising on each companies positive news releases You just made my point. They are trading on hype, not fundamentals. Each stock should trade on its own merits and there IS a difference between EXCITE (look at their conference call) and INFOSEEK. At least you better hope there is a difference. Yes, it is common, especially in techs, that several stocks can be hit with an earnings announcement of one. That is far different than what you are talking about. The problem with hype is that if it can trade on hype on the way up....guess what it will do on the way down....same thing you saw on Friday. I know people that are making money on INFOSEEK..simply on the HYPE...get in with the momentum and the hype..but get out before it deflates. AGAIN, these stocks CAN NOT BE COMPARED in any way with a stock that has a proprietary interest - like Microsoft or INTC. except to say...a stock doesnt go straight up. Their rapid growth rates were based on something much different than this phenomenon. Is there anyone on this thread that is LONG that has concern over what the Merrill Lynch analyst said????? about stocks that they are in fact recommending!!!!!!!!!!!!!!!!!!! Is there anyone LONG on this thread that looks at it objectively and sees cause for concern about the trading of these stocks? I'm not trying to put you down but it is quite apparent from your post that you have absolutely no clue to what it is that your doing! That may be so...but at least I can tell the difference between a report that says RUMOR versus FACT and I know enough and have been around long enough to know that even when it is reported as FACT, CNBC gets it wrong. It happens DAILY.