Software.com up 54.6% in the first week of trading.
Briefing.com on Mail.com ...
Mail.com Inc. (MAIL) 18 7/8 +5 15/16. Shares of Internet messaging services provider are surging this morning after the company announced that 14 regional Internet Service Providers will add Mail.com's universal Web-based e-mail capabilities to their existing service. The company already has Earthlink, Prodigy, GTE and Cable & Wireless as roster partners that provide e-mail services to its customers.
Hence, the latest partnership arrangements are seen as adding more support for the company's universal Web-based e-mail capabilities. But this announcement alone does not explain how quickly the stock has been moving up. The stock has benefited from daytraders jumping on the stock earlier this week after making a less than spectacular IPO debut on June 18. When it went public two weeks ago, the stock barely moved after being priced at $7 and opening at $8 13/16. In fact, the stock traded lower in the days after its IPO debut. However, since closing on Monday at $10 3/4, the stock has caught Internet fever as the issue has gained more than 75% in less than two days, with the bulk of the gains coming this morning. And with more than 4.1 million shares already having traded hands, it seems like the stock has sufficient activity to support its upward run, although in the past half an hour, the stock has begun to tail-off. Even so, for a stock that was a flat-liner just a few days ago, the last couple of days have been quite exceptional. Be careful that you're not left holding the bag, however, because with momentum stocks like Mail.com, activity can flow away just as quickly as it converges on the stock.- RN |
