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 : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: ratan lal who wrote (11811)	7/7/1998 4:11:00 AM
From: arnaud	Respond to of 27307

Ratan, well, according to Mr Schwartz, apparently retail investor are what's driving it these days. The "odd-lots" are in, the pros are out. I sold my YHOO yesterday (maybe I can finally sleep at night now), and I think I will buy a couple puts today. >By Nelson Schwartz, fortune.com >Call it the calm before the storm. Despite continuing worries about >the stream of corporate earnings reports that will begin trickling in >this week, stocks were strong again Monday, helped by strength among >both old-line blue chips like Chase Manhattan and red-hot tech names >like Lucent. With the aid of a late-day surge, the Dow closed up >66.51, at 9091.77, while the tech-laden NASDAQ rose 15.47, to >1909.47. Here's what we've been following today: >NET MANIA.... Internet fever got even crazier Monday, something I >didn't think was possible. Yahoo, which is set to report earnings on >Wednesday, jumped an eye-popping 26 3/8, to 199 1/4, while Lycos >leaped 20 1/2, to 99 9/16, after announcing a 2-for-1 split. Can you >believe Yahoo now commands a market cap of $9 billion? That's more >than the market value of UAL, the owner of United Airlines. >Amazon.com was another huge winner, rising 15 1/2, to 139 1/2. I >talked with Conrad Herrmann, manager of the very successful Franklin >California Growth fund, and he says that as far as he can tell, the >rage is being driven by retail investors, not the pros.