Good feelings.......
BAD FEELINGS!
Sorry gang! Although I am elated over the PR today, as Murphy's Law would have it, another stock I own, Disney Internet Group (DIG), which operates under the GO.COM name, parent DISNEY today announced that Go.COM would be closed down and Disney Internet Group tracking stock would be folded back into Disney Stock as of March 20, 2001.
DIG Shareholders will get one share of DIS stock for EVERY FIVE SHARES of DIG.
So, essentially, Disney is 'removing' itself as a pure Internet Play. This bums me as an investor who originally bought Infoseek(SEEK) stock many years ago...per Yahoo and Amazon Days.....I watched SEEK grow...watched Disney buy 72% of it, turn it into GO.COM....then change its' format to a leisure and entertainment portal, and then today SWALLOW IT ALL UP.
I'll likely sell my DIG shares for more WLGS!!!
Just wanted to let you all know that I am happy about WLGS's news, but bad news always overrides the good stuff.
GO WLGS!!!!!!