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To: Alomex who wrote (111566)11/1/2000 9:22:36 PM
From: Frank Griffin  Read Replies (1) | Respond to of 164684
 
I think they are trying to squeeze the shorts. What does amaze me is that the supposedly, on-the-ball analysts have been eerily silent. Only one has been public with a statement and it was very negative. He says their bonds are below junk bond class and recommends they not be bought. I also heard a couple statements on CNBC but, overall, it has been just silent. What is amazing they tanked AOL nearly 10 points in one day because they wouldn't say their advertising revenue was going to increase the next quarter. Not decrease but just not increase. We see the same things with other stocks and they usually tank i.e. Intel, CSCO, and many others. This one looks like manipulation to me. I don't know where it will end but I would be afraid to be long because at some point the SEC or the analyst will "go public" and the stock will drop like a rock. Just don't know when.



To: Alomex who wrote (111566)11/1/2000 9:31:35 PM
From: H James Morris  Respond to of 164684
 
How can we explain?

>Some recently bloodied sectors got a boost on Wednesday as Internet heavyweights managed to climb higher. Yahoo! Inc. (NASDAQ: YHOO) rose $5-47/64 to $64-23/64, America Online Inc. (NYSE: AOL) rose $1.47 to $51.90, Amazon.com Inc. (NASDAQ: AMZN) gained 3/4 to $37-3/8 and CMGI Inc. (NASDAQ: CMGI) jumped $3-13/16 to $20-11/16.

"Investors are going to quality names that have been beaten down," said Tony Dwyer, chief market strategist at Kirlin Holdings.