Oops,
It looks like the VARL bus might have left without me. Target was the high 20's. I did not expect to see that in a single day. The short term risk/reward just got a little worse.
MRVC looks to be setting up to break out on volume. Acceleration
in volume in the last few minutes of trading today looks good for
a continuation tomorrow.
*******************************
** Net audience growth slows
The U.S. Internet audience is growing significantly slower than it
used to, according to New York market researchers Cyber Dialogue.
"This is forcing online marketers to focus more attention on
attracting visitors from competitive sites and to improve customer
service," explained Cyber Dialogue vice president Thomas Miller.
One persistent barrier: A third of all U.S. adults see no need for
the Internet. Moreover, a growing segment of adults who have tried
the Net discontinued use, Miller said. This group exploded to 27.7
million adults in September, vs. 9.4 million in early 1997. Only
about a third of these past users expect to go online again any
time soon, Miller said. Cyber Dialogue conducted random in-depth
interviews with 1,000 Internet users and 1,000 nonusers.
** AOL, Yahoo report record e-shopping
America Online (AOL) and Yahoo Inc. (YHOO) reported a whole lot of
clickin' going on as the traditional start to the holiday shopping
season began last weekend. AOL said 4 million members made an
online purchase last week, 15 percent of them using the service
for shopping for the first time. Yahoo said its online
transactions the day after Turkey Day leaped 400 percent from a
year ago. In the 10 days before the holiday, Yahoo had processed
more orders than during the entire 1998 season. AOL said the
value of its shoppers' transactions during Thanksgiving week was
triple that of last year, with toys, apparel, flowers and sporting
goods as the strongest categories of goods. |
