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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (29073)	9/30/1999 9:30:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Shares of AOL came under profit taking late in the session giving back 3 5/8 gain. By the end, shares closed down 5/8 to 109 ¬ on volume of 30.47 million. While shares are showing a propensity to move higher, they need to deal with some overbought situation on a short-term basis, which could lead to some consolidation. Support would be around $102-$103. More and more analysts are commenting on the rumor regarding AOL's acquisition of ATHM and if that happens, AOL shares could rise even more. While many believe that such a deal is likely, the timing of the deal is not yet clear. Whatever the outcome, investors have already bid up shares of ATHM. If you owned shares of AMZN before trading began today, you have to love the action of AMZN. Shares broke out with authority rising 14 7/8 to 80 ó on volume of 79.3 million. A monstrous move. AMZN would let merchants sell products through its web site. AMZN would charge a monthly fee of $9.95 and get a % of sales. AMZN believes that this could turn out to be huge and is starting the service just before the crucial holiday season. Internet stocks have started to react positively to news again - something we saw during Nov-Dec of last year. Look for more positive news announcements until the end of the year. As for AMZN, despite today's solid gain, look for more gain in coming days.