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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (22715)	8/11/1999 11:31:00 AM
From: Iris Shih	Read Replies (1) \| Respond to of 69340

Clint, I am not going to, either. Get tired of being in and out. Might just hold and average down or write ccs. Ebay might just be backing and filling for a while. I am watching amtd and nite to give me bottom signals to start accumulating some small etailers. From marketwatch: "The leaders, which include America Online, EBay, Yahoo and Amazon.com will still dictate the direction of the overall market," said Daniel Rimer, who heads Internet research at Hambrecht & Quist. This means they'll have to show signs of rescucitating before the overall sector turns around. Whether it's a meaningful rebound is another question. "Does it (that mentality) make sense?" Rimer asked. No, he said. "It's just psychology." There's still "a lot more scrutiny" applied to the business models of these sat. Cristina Morgan, an investment banker at the same investment firm heeds words of caution as well, foretelling a "rocky" session over the next couple of weeks with the direction "mostly down." Shares of one-day old HotJobs.com (HOTJ: news, msgs), the New York-based online recruiter that was priced below its filing range by 20 percent, inched up 1/8 to 7 3/4. HotJobs.com priced its offering at $8. Shares of ExciteAtHome (ATHM: news, msgs) rose 3/16, or 0.5 percent, to 34 13/16 after losing 8.9 percent Tuesday and 12 percent Monday on word that AT&T (T: news, msgs) is open to talks with other Internet service providers when its multiyear contract with ExciteAtHome ends. See full story. Xoom.com (XMCM: news, msgs) added 1 3/16, or 3.9 percent, to 31 3/8 after losing 8.5 percent on Tuesday. Chairman Chris Kitze told CBS.MarketWatch.com that the company is on track for an October completion of its three-way merger with General Electric's (GE: news, msgs) NBC unit and Snap.com, the Web site jointly operated by NBC and CNet (CNET: news, msgs). In fact, there could be significant announcements in the next couple of weeks on the business-development side related to the deal, said Kitze. Iris