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

To: Rob who wrote (4238)	4/18/1998 2:30:00 PM
From: Susan Saline	Respond to of 9343

Very, very cool. What do you think? I know I can take my losses and take my wins and keep my opinions, but I certainly cannot give direction to others. Pity the broker anylist who must rec. a buy or a sell of SEEK and it's goes the opposite direction. Instant firing? Instant ridicule? I'd graduate from valium to prozak in a flash. None of us know what she will do. But those us us who can prepare, with a plan will be just one little step ahead of the game... On Friday's fear sale...on the dive...that was the last thing on my planbook, selling. BUT when a stock dives, I do not want to be the last one to find out where she stops. I would rather lose part of profit, than take a chance of losing part of the initial investment. I played ZITL yesterday, the 1st in many days, blocks going at the ask, looking very promising in at 12 1/8, it rose nice..then turned around just as fast. I was out at 12 1/8, as breakeven is better than a loss. No gain, but no worry either. I'll be back in SEEK when she feels more secure. Sue

To: Rob who wrote (4238)	4/18/1998 2:32:00 PM
From: ViperChick Secret Agent 006.9	Respond to of 9343

These stocks are already moving, so he's giving the latter. Big deal. If I were him and had clients besides myself and my firm, I'd probably say the same thing. This situation is evolving at an explosive pace and the longs are winning.He's rooting now from the sidelines, but wishing he'd been more of a seer 3 months ago. that isnt my take on the situation..... and yes Analysts are paid to pump'em and dump'em..... but he isnt pumping them so hard at these levels...well...the levels they were Thursday I suppose....and we will see about Fridays levels.. "Merrill Lynch last week picked up coverage of the four main players in the Internet navigation business -- Yahoo!, Excite, Infoseek and Lycos -- with positive comments that added some fuel to the Internet fire. Jonathan Cohen, who joined Merrill a few weeks ago from UBS, issued "3-1" ratings on Yahoo!, Excite and Infoseek, and a "2-1" rating on Lycos. In Merrill-speak, a "3-1" means neutral short-term, buy long-term. The slightly more bullish "2-1" translates to accumulate short-term, buy long-term. Cohen unveiled his first Merrill-paid writings on the stocks Tuesday morning. By the time the stocks closed for the day Tuesday afternoon, Excite had gained 7 1/8 to 76, Infoseek had improved 4 1/16 to 25 5/8, Lycos had ticked up 3 1/8 to 68 5/8 and Yahoo! had advanced 1 7/8 to 114 7/8. Not a bad day's work: In one trading session, the market cap of those four stocks combined had increased by $370 million. And the stocks had even bigger days on Wednesday and Thursday The interesting thing is, anyone moderately familiar with Cohen's work could have figured out what was coming. At UBS, where they use a similar rating system, but without the short-term, long-term feature, Cohen had neutral ratings on Yahoo!, Excite and Infoseek, and an accumulate rating on Lycos.His views didn't change; his employer changed. Nonetheless, the Street seemed relieved that Cohen, an independent sort who has been known to issue the odd sell recommendation on occasion, took a generally sunny stance on the stocks. So they all moved higher.... Cohen advises investors daring enough to try to value Internet stocks to throw out trendy measures like "page views" and "hits" and focus instead on revenues. After all, he notes, what matters is not just attracting eyeballs, but "the ability to monetize those traffic streams." At the moment, he notes, the four players in the search-engine group trade at between 10 and 40 times forward revenues. Cohen sees those valuations as a vote of confidence that over the long term, the companies can generate significant growth, and high-margin profitability. Imagine what will happen if they can't pull it off"