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

To: Mr. Mo who wrote (7935)	10/28/1998 11:13:00 PM
From: SouthFloridaGuy	Read Replies (1) \| Respond to of 9343

<<Contrary opinions are welcome as long as they are supported by reason.>> Use reason when prices are rational. Don't give me your, or ask for any, "fundamental" analysis on any internet stock because they don't have any fundamentals. My saying "buy low, sell high" is just as reasonable as anybody else's reasoning. If you want my personal opinions: XCIT site sucks. XCIT has no brand recognition. The stock is WAY WAY overbought and overvalued as are its peers. Enough said? I will continue to short until the earnings announcement is made. At that time I will ride this stock all the way back to the low 20's.

To: Mr. Mo who wrote (7935)	10/28/1998 11:27:00 PM
From: J. Stone	Read Replies (1) \| Respond to of 9343

>>Contrary opinions are welcome as long as they are supported by reason.<< Actually, as of today, I'm short SEEK, too. And here's why: 1) SEEK's chart in October. The stock has had a big run-up; it's due to give back some of these gains. 2) For the first time in the past few weeks, SEEK showed big intra-day weakness today; I feel this will continue. 3) Earnings are due. And although I feel SEEK will beat estimates, post earnings we'll see a sell-off. (As is common with many Internet stocks, SEEK has been run-up prior to earnings, and will be sold off after earnings.) 4) We've had an impressive run-up this past month in the market overall. At some point we will have a retracement, and the first to get hit will be high-tech stocks, and of these the Internet stocks. FWIW, I don't "hate" SEEK. Long term, I feel the top name Internets are where the money should be, and SEEK in particular (with Disney's support) should do quite well. Yet I'm a trader, and right now SEEK looks like a good, short-term short... regards, JS