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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: OldAIMGuy who wrote (6454)	12/22/1998 9:24:00 AM
From: JZGalt	Read Replies (2) of 18928

Tom, There was some selling pressure at the close in the big caps of the DJIA, but the NASDAQ just keeps rolling along. Those data networking themes are just driving the stocks higher with CSCO, ASND and the rest of the larger names in the group making their way higher as "must owns". As far as the internet stocks, I hold a token position in ONSL but that might go today. ONSL bottomed out near $10 in October, leaped to $100 after Thanksgiving, collapsed to $35 the other day and when they announced the deal with Yahoo!, it is once again in the top percentage gainers list gaining $30 yesterday at one point. I suspect we will see the volatility in these internet stocks continue through the holiday season as thinner trading will amplify the swings. ---- Dave

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