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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: kathyh who wrote (51238)6/15/1999 10:02:00 PM
From: kathyh  Read Replies (1) of 90042
 
latest poll from thestreet.com... the nuts...

Net Stocks Hobble Back, but Price Data, Greenspan Loom
By David Shabelman
Staff Reporter
6/15/99 2:36 PM ET

SAN FRANCISCO -- Internet stocks have stabilized for now, though trade is expected to remain tenuous with Wednesday's consumer price index report and Thursday's speech by Fed Chairman Alan Greenspan still to come.

Internet bellwethers were mostly higher, with the rest of the sector generally taking its cue from the big Net names. TheStreet.com Internet Sector index was up 10.10, or 2%, at 512.23 in recent trading after falling nearly 50 points on Monday.

eBay (EBAY:Nasdaq) was trying to get back on its feet after losing close to 50 points in the last two sessions. It was up 2 5/8, or 2%, at 138 5/8.

Other high-profile names were firmer as well. America Online (AOL:NYSE) was trading up 5 7/8, or 6%, at 96 3/8. Yahoo! (YHOO:Nasdaq) was up 8 1/8, or 7%, at 127 3/8, while Amazon.com (AMZN:Nasdaq) was up 5 3/16, or 6%, at 97 3/16 and @Home (ATHM:Nasdaq) was up 3 5/8, or 5%, at 82 1/8.

Question: Latest Bounce in Net Stocks?

Responses: 1133 Last updated: Tue Jun 15, 9:58 PM EDT
Not falling for another head fake. 34%
Selloff over, great chance to buy. 37%
Any recovery is a shorting opportunity. 20%
No longer playing Net game. 9%

thestreet.com

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