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Technology Stocks : INFOSEEK (GO) -- Ignore unavailable to you. Want to Upgrade?

To: james h. snyder who wrote (2820)	3/10/1998 2:25:00 PM
From: gamesmistress	Respond to of 9343

From TheStreet.com: Options Buzz: Internet Options Thriving as Speculation Continues By Dan Colarusso 3/10/98 2:01 PM ET Caution reigned for the better part of the last two trading sessions, but today the options market opened its arms to speculative call buyers who returned to grab some of the white-hot Internet stock action. Most of today's options speculation was coming from retail investors, floor traders said. And, despite the general tumult in the tech sector, implied volatilities on Internet stocks hadn't risen but some institutions had been selling calls back to the floor, one trader said. One prime example is Infoseek. The company's April 20 options were busy Monday, but today with the stock's early ascent, the April 22 1/2 and 25 calls were the big traders. Almost 300 of the April 22 1/2 calls and about 400 of the April 25s changed hands before midday. Volume on the April 20 calls stayed high as well, posting volume of just over 300. "People are hovering around these stocks. What better to grasp at than companies with no earnings," one trader cracked. "You can propose anything because anything can happen. People are starting to trade these companies like they used to trade biotech." Speculation on takeovers is present in these stocks, and in the wake of chatter in the telecom market, investors see vertical integration of carriers with Internet service providers and "more specialized technology firms," [head options trader at Florida's Raymond James Financial] Platt said.