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


To: RDR who wrote (8126)11/6/1998 2:00:00 PM
From: Tradewell  Read Replies (1) | Respond to of 9343
 
Ripu,
SEEK didn't have a shortfall. Revenue and traffic (ex chat) beat expectations. Oppenhiemer(Henry and Elizabeth), DMG and Sally-SmithBarney have downgraded this stock at the bottom, in the wake of GO.Com and the alliance w/Disney. I'm not sure whose TA you're using, but the stock broke above 50 and 200 day MA and is only a few points away from key resistance (all on higher volume).SEEK is NOT going to drop as you suggest. There are better short candidates out there (IMO).
Tradewell



To: RDR who wrote (8126)11/6/1998 3:10:00 PM
From: Tom Klempay  Read Replies (1) | Respond to of 9343
 
Checked with my broker Oppenhiemer folks. They have TWO Analyst covering SEEK and both have a very strong Negative short term outlook.

Sounds like sour grapes to me. They came out with the downgrade last Friday and the stock has totally recovered from its low of 28. To try and save face, of course they're going to remain negative. Now, having said that, I have absolutely no idea where SEEK is headed in the short-term, but it does seem to want to continue to go higher. We shall see...

Downloaded the WebSonic/Infoseek utility last night. Only used it for about an hour, but it seems kind of cool and I definitely see a performance improvement in loading pages.

Happy SEEKing all...

-tk