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

To: Craig Rogers who wrote (8009)10/30/1998 12:52:00 PM
From: Tom Trivett  Respond to of 9343
 
I was surprised to see it at 25 26 in the pre-open trades. Nice to see it recover to 30-31. Not sure how long will stay above 30 though.



To: Craig Rogers who wrote (8009)10/30/1998 2:40:00 PM
From: Rommy B.  Read Replies (2) | Respond to of 9343
 
I've seen on different ocassions stocks that report bad earnings or other bad news gap down substantially overnight. During the early morning they usually recover some of their losses. But almost always, within a few days, the price drops below the initial gap down. I'm not sure what the cause may be, perhaps momentum players or MM or some other factors. It'll be interesting to see how SEEK will play out later on in the day and next week.
-Rommy


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