Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : CMGI What is the latest news on this stock? -- Ignore unavailable to you. Want to Upgrade?

To: Sowbug who wrote (17750)	4/17/2000 8:40:00 PM
From: stock_bull69	Respond to of 19700

CISCO SYSTEMS INC, JDS UNIPHASE CORP, and MICROSOFT CORP were the top stocks bought at Ameritrade Inc. in a strong rally by online investors during trading Friday, according to the Ameritrade Online Investor Index, the first daily measurement of the investment activity of certain online investors produced by Ameritrade Holding Corporation (Nasdaq: AMTD). The closing drops of 617 points in the Dow and 355 on the NASDAQ were used as an opportunity by investors at Ameritrade to grab up shares of high tech companies such as CISCO at discounted prices. While CISCO is at the top of both the "buy" and "sell" lists, "buys" outpaced "sells" almost 5 to 1. Overall, online investors were net buyers of stock at a three-to-one margin. "Despite the sharp declines in the market indexes the Ameritrade Index was heavily weighted toward buying activity," said Jack McDonnell, President of Ameritrade, Inc. "It would appear that many customers saw the sell-off as an opportunity to purchase high quality technology stocks," he said. The top 10 stocks bought in yesterday's trading and the net percentage of buying they represented of total buying and selling activity in all stocks, value weighted, were as follows: 1) CISCO SYSTEMS INC 19.80 percent 2) JDS UNIPHASE CORP 8.84 percent 3) MICROSOFT CORP 8.66 percent 4) ORACLE CORP 5.72 percent 5) QUALCOMM INC 4.58 percent 6) AMERITRADE HOLDING CORP 3.92 percent 7) EMULEX CORP 2.39 percent 8) YAHOO! INC 1.80 percent 9) CMGI INC 1.74 percent 10) NOKIA CORP 1.65 percent