Lycos Message Board - Msg: 7441679

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Technology Stocks : Lycos

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To: puborectalis who wrote (1412)	1/23/1999 1:06:00 PM
From: zalesky	Read Replies (1) of 2439

To Steve: This rumor about Time Warner was reiterated again in Saturday's edition of Barron's. This small article should get the dander up on a legion of new investors come Monday (if a buyout hasn't materialized by then). On Friday CNBC did a small piece about how small investors are trading the internet issues and how they are responsible for huge price moves in the stock. The only investor they highlighted who actually was trading Amazon bragged that he purchased 8,000 shares during the course of a morning this week. Turns out the guy was buying and selling for his company not himself. CNBC capped off this laughable piece by indicating that there are only 3,000 traders nationwide who are part of these $50,000 and up clubs. So three thousand people are responsible for internet price swings huh?? What a joke!! The clear indication that internet stocks are here to say is the recent aquisition process which continues to proliferate. Time Warner, Microsoft or another European firm is moving quickly to buy some or all of LYCOS. They are moving quickly due to the renewed runup in this great search engine. Good Luck and Lets see what unfolds on Monday!!!

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