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 : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: PblcSrvnt who wrote (9790)	7/9/1998 9:55:00 PM
From: zebraspot	Read Replies (2) \| Respond to of 164684

A real estate broker wrote an article in the local paper last week saying real estate was looking good in the neighborhood, and prices shot up 35% the next day! Later in the week, the county clerk said they would be splitting house deeds 2 for 1, and all of the houses in the county shot up another 35%! There was a rumor that a large family was interested in buying a house in the 'hood, and prices shot up yet another 40% yesterday! My house is up over 100% in 2 weeks and there's talk about another deed split! This New Era stuff is GREAT! I'm a genius! ÿ

To: PblcSrvnt who wrote (9790)	7/10/1998 5:52:00 AM
From: Glenn D. Rudolph	Respond to of 164684

U.S. OPTIONS/Internet vols dip as stocks reverse CHICAGO, July 9 (Reuters) - Implied volatility in options on Internet stocks eased Thursday as the sector, which has led the broad market into uncharted ground in recent sessions, reversed. Yahoo! Inc. <A HREF="aol://4785:YHOO"><YHOO.O></A> led the move amid profit- taking, shedding 2-3/16 to 184, after the group posted better-than-expected earnings on Wednesday. Implied volatility for July at-the-money options tumbled to around 75 percent having climbed well above 100 percent on Wednesday. "It looks like a very serious reversal, and that could have serious implications for the whole market," said Jay Shartsis, director of options trading at R.F. Lafferty & Co. "It's likely that the (upward) move is over." The Internet Index <.IIX> fell 1.49 points to 391.26. He noted that trading volume in Internet stock options was brisk, but said call buying was not particularly heavy. "The put/call ratio has not fallen significantly for even one day, which is astounding," Shartsis said. "There's still a lot of disbelief (about the recent rally)." Elsewhere, trading volume in options on personal computer makers was heavy as the stocks rallied ahead of earnings, which get underway next week, traders said. Seagate Technology Inc. <A HREF="aol://4785:SEG"><SEG.N></A> and Intel Corp. <A HREF="aol://4785:INTC"><INTC.O></A> are due on July 14 and International Business Machines Corp. <A HREF="aol://4785:IBM"><IBM.N></A> is scheduled to report on July 20. Paul Foster, investment strategist and editor of 1010WallStreet.com, said expectations of good back-to-school sales lifted the sector and sparked active dealings in the stock options. Puts and calls on Dell Computer Corp. <A HREF="aol://4785:DELL"><DELL.O></A> and Intel were among the most actively traded on the American Stock Exchange. On the Chicago Board Options Exchange, options on IBM were among the most active, while Compaq Computer Corp. <A HREF="aol://4785:CPQ"><CPQ.N></A> and Microsoft Corp. <A HREF="aol://4785:MSFT"><MSFT.O></A> options were most active on the Pacific Exchange. "There's a lot of retail interest in the (computer) box makers, but it's not all one way," said one broker. 20:23 07-09-98