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


To: Mike Kwon who wrote (8558)12/15/1998 11:07:00 PM
From: HECTOR RUBERT  Read Replies (2) | Respond to of 9343
 
WARNING TO ALL INVESTORS!!!

I'm long on SEEK and believe we will out do LCOS, XCIT, and yes YAHOO. However, everyone must be careful not to give into exuberance. Let us not forget what is looming ahead. WallStreet will be hit hard on Thursday as IMPEACHMENT will take center stage over the stock market. Expect overseas markets to react the same. Hard rallies will be quickly erased by mid-thursday. The markets are creating another SHORTING opportunity. Also, triple witching on OPTIONS expire this Friday.

I would caution people who read about SEEK making new highs, 50's, 60's, etc..in the next day or two. One thing the market has shown is that it cannot sustain rallies. As long as our Presidency is in question, this market will not be able to RUN to higher levels much less DOW 10K.

Resistance seems to be 50. There is too much volatility in the market. Use caution and don't get caught in the hype. The markets can turn on a dime sooner than you think. Sell into strength. That has always worked for me. Is better to have realized gains than to remember what you could've had had you sold. Most of the time people sell into weakness for fear of deeper losses. This is the practice that keeps investors in the red.

Instead, buy into weakness and sell into strength. I guarantee you will always come on top. However, if you buy into strength you better pray the strength continues 'cause if it doesn't and the weakness gets you, I'll be buying your shares a whole lot cheaper than you did.

My 2 cents!

Hector



To: Mike Kwon who wrote (8558)12/16/1998 8:46:00 AM
From: tonto  Respond to of 9343
 
Mike, no doubt about it. The net stocks currently do not yet use fundamentals as a criteria for valuation.

Current information:

quote.yahoo.com

You will note the other portals are profitable and are projected to be so next year. SEEK is the only one that is not, nor shall be next year
based on the analysts consensus.

SEEK 1.16 per share loss in 1999

XCIT .41 per share profit in 1999
LCOS .35 per share profit in 1999
YHOO .62 per share profit in 1999

Tonto: Losses? SEEK has losses? Who doesn't?

That being known, today should be another good day for SEEK.