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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (17462)	11/24/1998 7:30:00 PM
From: Ron McKinnon	Respond to of 53068

one of the reasons that I usually only post on this thread is that we are always/often/sometimes receptive to other points of view when one says something at all negative on a "stock" thread; it's flame time nice to have a place to just let it all hang out and not worry about the masses trying to hack off that which has been exposed ----------------- from TSC File this under "Internet stock mania," or perhaps "bull market cautionary tales." Interface Systems (INTF:Nasdaq) hit a 52-week high Monday, more than doubling to 6 1/2 on volume of 1.4 million shares, about 170 times its daily average. The reason? The company was mistakenly referenced as a hot stock on Friday's Nightly Business Report on PBS. While the Nightly Business Report segment correctly referred to another company called Intasys (INTAF:Nasdaq), the ticker symbol reported on the TV show and in the transcripts posted on its Web site was that of Interface Systems, which trades under INTF -- not Intasys, whose symbol is INTAF. Although the one-letter mistake likely was discovered by some investors, others wasted no time on silly tasks like due diligence. And in today's market, a mere mention of a company's Internet component can send shares skyrocketing. It seems there's no stopping the Internet juggernaut, even when investors are buying in error Both stocks were trading around 3 before their mention on NBR. The mistake took place Friday night when Nightly Business Report anchor Paul Kangas was interviewing James Dines, the editor of newsletter Dines Letter. Asked by Kangas for a list of good Internet stocks, Dines replied, "My best low-price recommendation is Intasys -- that's INTF." Interface -- the incorrectly referenced stock -- opened Monday at 5 1/4, representing a 92% jump from its Friday close of 3. As momentum built, the stock reached a high of 6 1/2, shattering its previous high of 3 7/8. So, today you would expect Interface to plummet and Intasys to get the rally it was denied yesterday. But neither happened. Perhaps because investors who got into Interface at 6 didn't want to sell at 3. Interface held some of its gains from Monday, closing at 3 25/32, down 3/16. And the previously neglected Intasys, which missed Monday's Dow surge, fell almost 15% to 2 31/32, down 1/2.

To: Susan Saline who wrote (17462)	11/24/1998 8:07:00 PM
From: tom pope	Read Replies (1) \| Respond to of 53068

Hi, Sue, I need your help. As you know, I'm rather new to the Z thread, and was confused by Ron's post: >>CMPL sell it and take it off your screen there are different kinds on net stocks and quality of IPO's CMPL is garbage<< This too subtle for my poor brain. Is he saying he doesn't like our little stock? (I hope it's unnecessary to add the GGG. And after the way it closed, I'm not sure I like it either.)