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

To: Sylvester who wrote (5865)	5/7/1998 10:34:00 AM
From: Olu Emuleomo	Read Replies (4) \| Respond to of 9343

Recent history should have taught us all something. SEEK looks the bargain of SE's. For that reason plus some good fundamental ones as well, the stock will see 38 again before it will see 25. Unless a TA can show me one indicator why this stock falls below some very solid support above $30, all this talk of shorting is based on opinion only. I am short SEEK. Let me tell you why from a TA point of view. SEEK is now $31 3/4. Its 50 EMA is at $25 (+24%). Its 200 day EMA is at $15 (+100%). In the past year, before the internet portal craze, SEEK has been hugging both its 50day EMA and its 200day EMA. My target is b/w 16 and 20. SEEK has mucho resistance starting at $36, thus max upside is $4 IMHO. Its downside, on the other hand is at least $12. That's 3-1 in my favor. I like that. --Olu E.