Theglobe.com [TGLO] Message Board

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Technology Stocks : Theglobe.com [TGLO]

TGLO 0.510

+2.0%

Nov 26 3:31 PM EST

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To: Stephen who wrote (171)	12/7/1998 7:47:00 PM
From: James Thai	Read Replies (2) of 501

Nice move today .... which I assume was partly due to the forthcoming big internet IPO XOOM. I can only guess that the price will remain strong through the IPO as briefing.com is likely to cover the comparisons between the big three .... GCTY(GeoCities), XMCM(Xoom) & TGLO ... so that when Xoom zooms ... as usual, they all will !! I think that's only part of it. Other factors which I think added to today's run: - Volpe Brown's Buy recommendation. - Anticipation of other coverage starting. - EWBX's run (I consider TGLO and EWBX sister stocks since they IPO'd close together - investor psychology I guess) - Anticipation of a EBAY like run once the stock becomes shortable and marginable (and short squeezable) - General panic buying that's common to these small float internet stocks If anyone brokerage comes out with a 12 month price target you'll see it in 5 days. GCTY doesn't seem like it's "in play" but its turn will come eventually, good luck! James.

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