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

To: DoggieDude who wrote (7400)	7/29/1998 11:26:00 PM
From: SkyDart	Respond to of 9343

Well said. I also believe we need a bit of a catalyst to get SEEK moving back up. The TA shows the stock to be VERY oversold. The relative strength is below 20 and at the lowest level since just before it's last move upward. The MACD has about run its downward course and is showing an imminent reversal. The CCI is showing a buy signal. While I agree with you that some catalyst is necessary, we probably disagree on the magnitude of what is required. At these oversold levels, any news release by Disney, or tandem move in conjunction with another SE [ie Geocities IPO] or positive earnings release from Lycos should send SEEK flying. And once the momentum starts, and the momentum guys jump on board [as they cannot help but do], and the shorts scramble to cover, we will see a nuclear chain reaction... Just my opinion. Good luck, Jeff

To: DoggieDude who wrote (7400)	7/30/1998 12:56:00 AM
From: chirodoc	Read Replies (2) \| Respond to of 9343

READ THIS FIRST!! July 30, 1998 DAILY DARTZ WEEKLY DARTZ DARTZBOARDZ STOCK QUOTEZ DARTZ LIVE CHAT WEEKLY DARTZ Get Sponsored Internet Report: Is the Correction Ending? - Amazon.com, Infoseek, Lycos, Mindspring The internet stocks continued their steep correction yesterday, with the largest percentage decline for most companies occurring after a week of steady depreciation. And after looking at the charts of these stocks, there is likely more downside: unfortunately, these stocks' charts have broken down, and the share prices will continue to fall toward the next support level. Infoseek's chart (NASDAQ: SEEK - research, message board) is quite interesting-- forming a bell with a base at $22 which is beginning to form a gigantic head-and-shoulders over the last 3 months similar to the formation at at the $30 support level which failed to result in a breakout rally. If the $22 support level hold over the next week, we may see a substantial breakout rally this second time. Of note, the net stocks are seeing substantial late-session sell-offs which indicate that the correction is not over yet. Lycos (NASDAQ: LCOS - research, message board), Mindspring (NASDAQ: MSPG - research, message board), and Amazon.com (NASDAQ: AMZN - research, message board) all fell substantially-- but the next support levels for these stocks are at $48, $30, and $100. Considering the high-levels of short-interest in these stocks, fast-downside moves must be expected. But of course, the upside rebound will occur just as fast. Hence, Infoseek looks incredibly attractive with a market cap of $740 million, especially when one looks down the road to when the company will be gaining Starwave which is conservatively valued at $400 million. Looking at the chart from the base at $22 back in early, the stock proceeded to double over the next three weeks-- which shows just how fast momentum can shift.