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Technology Stocks : TERRA NETWORKS (TELEFONICA INTERACTIVA) TRRA

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To: Steve Fancy who wrote (74)1/15/2000 2:58:00 PM
From: Mr. Aloha  Read Replies (2) of 97
 
FYI, in addition to buy recs by Harmon and Goldman, TRRA is being added to Spain's IBEX 35 index:

biz.yahoo.com

Other newsletters are also adding TRRA to their internet stocks to watch lists for 2000, even after the recent runup.

TRRA has been given legitimacy and exposure by being added to Spain's index, and fund managers will have to buy TRRA. Investors in Spain/Europe/South America/etc. who want to invest in the internet will have TRRA as a ubiquitous choice. With its cross-listing on the Madrid stock exchange, it will be much easier for European investors to buy TRRA than other internet securities. They for the most part have missed out on the huge runup in internet stocks and want to be in on the next AOL or YHOO.

"Several fund managers keep a stock portfolio which directly reflects the composition of the Ibex. That normally means a new entrant receives a boost from the higher investor demand."

Mr. Aloha

Disclosure: long TRRA from around 60
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