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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts
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To: Joe Copia who wrote ()9/22/1999 1:25:00 AM
From: mark cox  Read Replies (2) of 25711
 
LCOS I posted earlier about it. It broke out of an Ascending Triangle today on volume 3 times normal.

Here is an article from ZDnet:

ANALYST WATCH: Lycos, Adobe finding fans on Wall Street

By Larry Barrett ZDII


Analysts have been pleasantly surprised by the decent gains made by search engine sites, particularly Yahoo!, in the past month. But looking into the crystal ball, some pundits believe Lycos might be the best play of them all.

As the lone independent portal of note still standing, Lycos finds itself in the unique position of being able to pick and choose from what's sure to be a long list of potential suitors.

At $44 a share, Lycos seems like a steal.

"In our view, Lycos continues to expand its network, adding value that has not yet been reflected in the stock," said Keith Benjamin, an analyst at BancBoston Robertson Stephens, in a research note. "We see multiple positive catalysts that can compound to help the stock."

Adding fuel to the fire, Lycos will once again become eligible for pooling transactions at the beginning of October, a key selling point to a company that might hesitate to pay a huge premium for it.

Twenty-one of the 23 analysts following the stock maintain either a "buy" or "strong buy" recommendation.

zdii.com

I hope we have an up market today.

Mark

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