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


To: LightPen who wrote (8702)12/29/1998 4:37:00 PM
From: Smart Investor  Read Replies (2) | Respond to of 9343
 
An interesting article dailynews.yahoo.com

If there is a crash in Net stocks, I still think that SEEK will sink to the 30's. The main problem is that SEEK will not make any money until at least 2002 while XCIT and a couple of others are at least in the black. Considering the current bubble status of Net stocks, any correction and crash will be severe.



To: LightPen who wrote (8702)12/30/1998 12:14:00 PM
From: tonto  Respond to of 9343
 
Congratulations on your timing. The strength of the sell off in this sector is very strong today. I did not expect it until last week.

MARKET CAPS"... So everyone's all freaky-deaky about the fact that Charles Schwab now has a bigger market cap than Merrill Lynch. To that I say, so what?! Have you ever hung out at Merrill Lynch? Seen the koffee klatch? Seen the overhead? How about Schwab? Seen the buzz? Feel the growth? Looking for more fly dope? Check these gems out from my buddy J. Evans at CNN:

"Amazon.com is worth more than Sears ($16.8 billion market value versus $15.8 billion market value), Ebay is worth almost as much as Alcoa ($11.9 billion versus $12.7 billion), Yahoo is worth the same as Dow Chemical (both are $24.4 billion companies). And AOL ($53.5 billion) is worth more than Merrill Lynch, Delta, Kmart, U.S. Steel, and Aetna combined! ($53.5 billion versus $25.2 billion + $7.2
billion + $6.9 billion + $2.1 billion + $11.3 billion)..."


You are responding to this message from LightPen on Dec 29 1998 4:30PM EST

Out of Seek at $55 Love the stock but it can't go up for ever
If there is an Internet correction then Seek will go down in sympathy
Will reenter in the 40's