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Technology Stocks : FNCM Finet.Com
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To: Instock who wrote (35)2/8/1999 2:52:00 PM
From: Stephen Yarger  Read Replies (1) of 2420
 
I think the huge volume is still a response to the Marketwatch article from last week. There are some profit takers who bought in at 1, but for every profit taker there are 2 new buyers because anyone who looks at the financials can't help but be bullish on this stock. The volume is large, but not by Internet standards. As of 2:45 the volume had not yet eclipsed the float, it will by the end of the day, but not by much. Remember last week the volume of the E-brokers was 4x the float.
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