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Technology Stocks : Net Perceptions, Inc. (NETP) -- Ignore unavailable to you. Want to Upgrade?

To: Roads End who wrote (1165)	6/14/1999 6:22:00 PM
From: stockman_scott	Read Replies (1) \| Respond to of 2908

Steve: Thanks for sharing...Here is some insight on the Internut sell-off...FYI... <<Cyber shares get clocked EBay, AOL slide again, Worldgate shares buck trend By Bambi Francisco CBS MarketWatch Last Update: 5:47 PM ET Jun 14, 1999 Internet Daily Net Headlines NEW YORK (CBS.MW) -- Internet stocks swooned Monday as investors took to the sidelines ahead of this week's economic reports and one notable Wall Street analyst warned investors not to "dive back in. The selling started early and accelerated fast and furiously, sending The Amex Internet Index down 8 percent. The Goldman Sachs Internet Index gave up a punishing 10.4 percent, its fourth largest one-day percentage decline ever and the biggest one-day drop since April 19 when the index lost 17.4 percent. The decline was just another devasting blow to the index, which lost 6 percent on Friday to cap off its fourth straight weekly loss. The 15-stock Goldman Net index is now up only 10 percent for the year. Yet, despite the punishing losses incurred in the past month and even more so since April, the dot-com crew, on average, had yet to stumble enough to wipe out gains for the full year. The 15-stock Goldman Net index is still up 23 percent for the year. Surf's not up yet The positive year-to-date average return is just one of the string of reasons Lise Buyer, Internet analyst at CS First Boston referred to in her bearish morning commentary to clients. "We do not believe that this is the time to dive back in," Buyer said. And despite many suggestions by Internet analysts to forego tradition and rationale when pricing these stocks, Buyer added: "We are closer to rational prices." >> The complete story is available at: cbs.marketwatch.com