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


To: RON BL who wrote (8354)12/8/1998 10:38:00 PM
From: MskiHntr  Read Replies (2) | Respond to of 9343
 
Good evening all. Ron, I agree with you conclusions. SEEK has been a laggard in the group due to the DIS involvement. No one knew how much dilution would result due to DIS' 43% stake.

What we all overlooked was how much DIS could bring to the table for that 43%. The tape action we saw today, Tim highlighted it best, tells me that there are an awful lot of folks who want to ride DIS' coattails on this one. SEEK has a history of exploding and today was only day one of a possible short term 3 day ride.

I got long in the initial pullback and added more at 38 15/16, went to a meeting and returned an hour later to see 43 on the monitor. I'd rather be lucky than smart.

We took out the 52 week high on over 15 million shares; that's enough to qualify the breakout as being for real.

Let's hope we get a good follow through in the AM

Best, Joe