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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Ed Forrest who wrote (23040)	6/18/1999 12:56:00 PM
From: Daniel O'Keefe	Read Replies (1) \| Respond to of 41369

Sorry about that, it's almost 2:OOam where I live and I'm pretty tired. I better go to bed before I start sending messages in triplet :-).

To: Ed Forrest who wrote (23040)	6/18/1999 1:08:00 PM
From: Vendit™	Respond to of 41369

Web stocks still in favor Nets set to snap four-week losing streak NEW YORK (CBS.MW) -- Internet stocks rose for the fourth-straight day Friday, setting the stage for the Net group to break a month-long losing streak. The Goldman Sachs Internet Index gained 2.6 percent after already climbing 21 percent from Monday's close of 372. Barring any surprises to the downside, the 15-stock index is well on its way to post its first weekly gain since the week of May 10. Meanwhile, the Amex Internet Index added 1.1 percent after adding 1.9 percent on Thursday. What could shake up the broader market Friday with some volatility and reverberate down to the Net stocks is triple-witching, when futures and options on stocks expire. But traders expect cyber issues to chart their own choppy course, albeit with an upward bias. "There'll be volatility but more so in the broader market, or in larger cap stocks held by institutions, like America Online," said Vincent Slavin, who tracks IPOs and small capitalized stocks at Cantor Fitzgerald. But he said shares of AOL did not appear to be under pressure. "And the smaller investor, those who are trading the Internet names, aren't likely the ones who are also playing the derivative markets." Taking the lead... Indeed, shares of AOL (AOL: news, msgs) were not under pressure, jumping 2 1/4, or 2 percent, to 113 1/8 after gaining 11 percent for the week. The Net "blue-chip" is still humming after Internet analyst Henry Blodget at Merrill Lynch, who's traveling in Europe to evaluate AOL's operations there, said subscriber growth is still on track to meet his estimates. cbs.marketwatch.com