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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Paul A who wrote (12960)2/11/1999 7:21:00 PM
From: Mazama  Read Replies (1) of 90042
 
Just to provide a more official version of after-the-close moves:
enmd is NOT trading at 16 and I am playing the gap on this one and prgy. Can't believe people would post such crap to influence others that way.
February 11, 1999 18:15

AFTER THE BELL - CMGI up 1 to 113
NEW YORK, Feb 11 (Reuters) - Shares of leading Internet venture capital firm CMG Information Services Inc. rose 1 to 113 in after hours trade as the Andover, Mass., company confirmed it is "generally supportive" of the Lycos Inc.-USA Networks Inc. merger.
CMGI was among the Internet-related highfliers that propelled the technology-heavy Nasdaq Index up more than 4 percent Thursday to 2405.55.

Meanwhile, shares of Boston Scientific Corp did not move after the medical device maker announced plans to streamline its operations and cut 2,000 jobs.

The Natick, Mass., company is at the center of a Justice Department inquiry into the recent launch and subsequent recall of a coronary stent delivery system.

In general, after hours trade was quiet, an Instinet official said.

Drug developer, EntreMed Inc. was unchanged in after the company's stock recouped losses from earlier in the week as a new report bolstered its anti-cancer drug program.

EntreMed traded at 25-11/16 on the Instinet electronic trading system, unchanged from its closing level on the Nasdaq stock market.

Internet media and information powerhouse, Yahoo! traded at $156 on Instinet, down from its Nasdaq close of 158-1/2.

Amazon.com Inc. , the pioneering online book, music, and video retailer traded at 110-7/8, up from its Nasdaq close of 109-7/8.

America Online Inc. traded at 164 on Instinet, off its New York Stock Exchange closing price of 164-11/16.

Volume in the New York Stock Exchange's after-hours trading sessions totalled 1,783,400 shares in the first session and 21,197,495 shares in the second session.
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