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To: techstocker who wrote (2215)11/29/1998 12:38:00 PM
From: waldo  Respond to of 37507
 
>>But he gave a verbal shrug and agreed that the adage ''you can't fight the tape'' applied in current markets.

''The fundamentals are lost in this market. Nobody really seems to care about them right now,'' Milligan said.

''The momentum is just enormous.''<<

Sunday November 29, 10:26 am Eastern Time

Bay Street Beat: is Santa Claus coming to town?

biz.yahoo.com

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To: techstocker who wrote (2215)11/29/1998 12:43:00 PM
From: waldo  Read Replies (2) | Respond to of 37507
 
>>Interest in Internet stocks could continue, with Ticketmaster Online-CitySearch scheduled to bring its highly-anticipated initial public offering to market, and uBid, an Internet auction company, tentatively slated for either this week or next.<<

>>Mergers are driving stocks higher because they create a dwindling supply of stocks amid increased demand.

Another driving force behind the bull market has been the rally in Internet stocks, which has many analysts scratching their heads wondering if the red-hot sector will ever cool off.

''The question is, when are you going to see reality come into the Internet stocks?'' said Hyman.<<

Sunday November 29, 12:10 pm Eastern Time

WALL ST WEEK AHEAD-Mergers, IPOs, Employment data

By Jennifer Shaw

NEW YORK, Nov 29 (Reuters) - Stocks could get a boost this week from two enormous mergers, but some selling pressure is likely to weigh on the market with the Dow Jones industrial average hovering at record levels.

biz.yahoo.com

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To: techstocker who wrote (2215)11/29/1998 12:49:00 PM
From: waldo  Read Replies (1) | Respond to of 37507
 
>>Searching for discounts is a mission for many shoppers, and many Internet retailers are hoping to grab market share by appealing to those looking to buy on the cheap. Many of these players are able to undercut the prices of traditional retailers because they have lower costs.<<

>>''We consider this a critical season even though it is our first, because time is so compressed on the Internet,'' he said.

Many of these emerging retailers have quickly shot into the hot-stock realm, at a time when many Internet-related issues are soaring.<<

Sunday November 29 12:11 AM ET

Alternative Shopping Sites Vie For Internet Trade

By Reshma Kapadia

NEW YORK (Reuters) - With online sales expected to double this holiday season, some Internet sites are letting shoppers to haggle over prices, bid at auctions or get deep discounts on name brands -- part of a drive by retailers to stand out in an increasingly crowded field.

dailynews.yahoo.com

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