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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 232.50+0.1%3:59 PM EST

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To: KeepItSimple who wrote (74977)8/21/1999 8:30:00 AM
From: Glenn D. Rudolph  Read Replies (2) of 164684
 
Internet Chat Rooms Send Stock Prices on a
Wild Ride

By GRETCHEN MORGENSON

EW YORK -- Online stock traders, goaded by an Internet chat room
leader, commandeered the shares of an obscure company last week,
taking it on the kind of roller-coaster ride that veteran traders worry
may harm investors and undermine faith in the overall stock market.

Shares of Information Management Associates, which owns a fledgling
Internet shopping site, soared from $4.0625 to a high of $14 before
finishing the week below $10 in unusually heavy trading.

nytimes.com
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