ZD Inc., Ziff-Davis (ZD) Message Board

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Technology Stocks : ZD Inc., Ziff-Davis (ZD)

ZD 35.76

-0.2%

Dec 17 3:59 PM EST

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To: fiberman who wrote (423)	2/22/1999 8:04:00 PM
From: Maverick	Read Replies (1) of 855

Buy recommendation issued by CIBC Oppenheimer & Co analyst, Henry Blodget, on Friday, coupled with E*TRADE Group (EGRP +21%)/Goldman Sachs alliance speculation, drawing investors back into the Internet group. Traders have loitered on the sidelines awaiting the next theme-based move in the group. The spark was provided today by a Wall Street Journal report that Goldman Sachs is considering a joint venture or outright purchase in the online brokerage space. Presence of a theme evidenced by strong action in secondary online trading plays: Ameritrade (AMTD +21%), JB Oxford Holdings (JBOH +30%), Siebert Financial (SIEB +28%), National Discount Brokers (NDB +17%). Favorable price action in last hour of trading over past two sessions should boost near-term confidence in the group. If strength in primary Internet stocks holds, investors should begin searching for the secondary plays that are likely to be lifted by the trickle-down benefits of a trend reversal. From Briefing.com

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