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Technology Stocks : Roaring Internet Stocks

YHOO 52.58

0.0%

Jun 26 5:00 PM EST

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To: TC5187 who wrote (1479)	4/18/1999 5:16:00 PM
From: FR1	Read Replies (1) of 1530

Disappointing news from chip maker Intel Corp. (Nasdaq:INTC - news) and the downgrading by an analyst of Web media company Infoseek Inc. triggered a sell-off in Internet stocks. What a idiot. Intel was a big surprise on the up side. Intel threw cold water, as all good businesses do, on next quarters results so the experts won't expect too much. The sell off is a regular feature of earnings month and especially for net stocks. Basically, the prices are driven way up prior to earnings and the stocks are sold off heavy during earnings. Then they start back up. Nobody "triggered" the sell off. I keep a chart of the big nets and what is happening this quarter is a carbon copy, so far, as to what happened last earnings (January). In fact the sell offs started on exactly the same day and so far are doing just what they did last time.

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