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

To: Smart Investor who wrote (5139)	4/27/1998 10:56:00 AM
From: Jeff Jordan	Respond to of 9343

Do I hear some panic in your tone?<g> I bot @ 28 3/8 I can weather some swing. Jeff

To: Smart Investor who wrote (5139)	4/27/1998 11:07:00 AM
From: Sowbug	Read Replies (1) \| Respond to of 9343

I don't know you, so I can't comment on you directly, but if I were doing what you say you're doing, I would call myself "Dumb Speculator" rather than "Smart Investor." "Investor" implies medium- to long-term holdings of equities. Medium- to long-term investors would never sell during any dip, correction, or crash. So you can't be an "investor." "Smart" in this context implies making investment decisions that help you, not hurt you. So presumably you should be doing the one thing that can help you in stock investing, which is buy low, sell high. You have already stated that you're about to buy high and sell low. Now you're going to sell low (i.e., short during a possible correction) and later probably sell high (after the inevitable rebound -- there's no good reason for a severe correction right now). So by "dumping [your] long" you're losing money, and by going short you're going to lose more. Thus, it's inaccurate to refer to yourself as "Smart." If you haven't yet done what you've said you're going to do, you should just sit tight and sell SEEK at $110 in two years. That would be a smart investment decision. P.S. Why did you buy on Friday if only a couple of week ago ago you wrote "It will go down to $10 in no time. This is completely insane. It has never made any money, and will not make any more in the future. It is in a business anybody and his brothers can start overnight."??? <https://www.siliconinvestor.com/readmsg.aspx?msgid=4221675> One would be crazy to buy more now. Anytime when the market is having a correction, high PE stocks will go down more and faster. Considering that the Fed may increase interests and NSCP may dump SEEK, it absolutely does not make any sense to buy. As a matter of fact, I will dump my long and go short to recover my loss.

To: Smart Investor who wrote (5139)	4/27/1998 11:09:00 AM
From: OD Bobo	Respond to of 9343

<<As a matter of fact, I will dump my long and go short to recover my loss.>> (all of the following, of course, IMO) It is this reaction that will cause a few more bounces, when 'good' news or rumor or the like comes around, and people start buying, and shorts start covering. Corrections are hard to predict, and in the past few months every time period that felt like a correction didn't last too long, and back came the bulls. For me, in this market environment, and with a growing sector, I'll take the long side. My common sense and fundamental investigation over the past year told me not to buy YHOO, XCIT, DELL, etc. So I sit on my modest gains of 30% and try not to look at my short list of stocks that I considered buying, that would have brought me very satisfying gains. I'll agree that it seems out of control at times (valuations, etc.), but we're still at the beginning of a technical revolution, and I'm accepting the craziness, pushing aside 'normal' fundamental thinking where I deem appropriate, and hoping to ride the wave. It's far from over. Good luck & happy investing to both sides. bobo