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To: Estimated Prophet who wrote (8957)	4/1/1998 10:54:00 PM
From: the Druid	Respond to of 27307

Well I can sort of make up a couple of reasons. 1. The AT&T world net is abolishing the fixed rate and increased the rate of access at the same time. That gave AOL a push in the right direction, in confirming good decision by AOL in the previous rate hike. 2. BA Rbt Stpns upgraded AOL from "BUY" to "Strong BUY". In fact that Bank upgraded a whole bunch of stocks. The reason behind it is a story worthy of April.1. They increased their rating levels from 3 to 5. So some stocks got automatically raised to the newly minted catagory. Does that mean there are improvements in the funnymentals to justify such an upgrade? You be the judge. AOL is the leader of internet. AOL goes up and every other internet stock follows, including YHOO. That's my take of the situation. Where to from here? I dunno.

To: Estimated Prophet who wrote (8957)	4/1/1998 10:59:00 PM
From: Frank Z	Read Replies (2) \| Respond to of 27307

<<Can anyone please explain what happened today? I can't find any news to justify the upsurge in internet stocks? Is this just a typical yhoo day??? I'm short and (apparently) also stupid.>> 1. Today is April 1. And what day is it? 2. El Nino effects.

To: Estimated Prophet who wrote (8957)	4/1/1998 11:07:00 PM
From: Bob Kimball	Respond to of 27307

Short doesn't necessarily mean stupid... maybe a bit early. don't need to reprise the discussion of valuation on this thread. Who needs a valuation anyway! For something completely different, you can see by Ewave count that the bull leg from October is essentially complete with today's spike up. We should see a correction start pretty soon that will at least get back down to the low 80's with outside chance of something below 70. For the YHOO bulls, the longer term Ewave count says that correction might well be the mother of all dips to buy, but we'll have to wait and watch the behavior of the rally for awhile. It looks like YHOO is going to be a great trading stock for quite awhile.

To: Estimated Prophet who wrote (8957)	4/2/1998 12:23:00 AM
From: johno	Read Replies (1) \| Respond to of 27307

Brian C W. Explanation, maybe. Brian I believe that the "internet" stocks rose circa 6% today without any "justification" (they have none for their collective valuation) but for the reason of the Lycos "news". CD Now, a company with no assets, large past losses, large projected future losses and selling a low margin commodity agreed to pay Lycos $16.5mm over three years for advertising. biz.yahoo.com Obviously the "promise" of $16.5mm over three years is worth $90mm in capitalization today. The others followed in sympathy. Johno (erstwhile short, -10G 50-60)