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


To: Jeff Jordan who wrote (6387)6/6/1998 5:56:00 PM
From: Michael Young  Read Replies (3) | Respond to of 9343
 
<<I am long on SEEK....we will see $40's again this fall. The time to buy stocks is when they are 60+% off their 52wk highs!>>

WRONG!!

The time to buy an overvalued stock is NOT when when momentum players are fleeing and the stock is breaking down technically.

A close below 22 will confirm that a round trip to the mid teens is in order.

Even the remaining believers in the "portal" concept aren't buying SEEK, as it is about "fourth in class."

MIKE