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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 680.44

+0.6%

Dec 19 4:00 PM EST

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To: Clint E. who wrote (22595)	8/5/1999 4:26:00 PM
From: Iris Shih	Read Replies (1) of 69126

Clint, What do you think about this: "Shares of Internet service providers slumped Thursday, led by America Online Inc. (NYSE:AOL - news), as the potential threat of software giant Microsoft Corp.'s (Nasdaq:MSFT - news) slashing the cost of Web access chilled investors. Shares of America Online, the world's biggest Internet access company, fell as much as 11 percent following a published report that Microsoft is eyeing plans to hasten the trend toward low-price, or even free, Web access. The stock hit a session low of $77 before climbing to $81.75, off $5.69 in early afternoon trade. Wednesday, The Wall Street Journal said Microsoft will take an ''aggressive'' stance on pricing, and has discussed buying or partnering with other providers, including EarthLink Network Inc. and MindSpring Enterprises Inc. (Nasdaq:MSPG - news) . Spokesmen at Microsoft were not immediately available to confirm or deny the report." Look at phcm? What a wild trading range! Semis! I think they are just taking a breathe here. It's overdue and I am looking to get back in cymi again. Iris

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