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

To: Apakhabar who wrote (9071)	4/20/1999 2:08:00 AM
From: SkyDart	Read Replies (2) \| Respond to of 9343

<<Technically SEEK looks bad<< Sorry, but I must respectfully disagree. The last time SEEK saw a drop of yearly high to low of 55 to 60+% is Aug-Oct 1998 when it dropped from 44 to 17 to 18. We now have a drop from 100 to 45 or 55%. Net stocks have a habit of replaying patterns...technical patterns...and my bet based on SEEK's past price action is a basing in the 40 to 50 area followed by a rise to new highs in a few months. If by "technically looks bad" you mean the risk/reward ratio at this time is unfavorable, I must respectfully disagree. Under this definition the SEEK chart looked "bad" when it was 88. It hardly looks bad now. (Of course I would agree with you that tight money management is key to trading success; which is precisely the reason one needs to time one's entry points in these stocks). We are at an entry point now IMO. DART