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Technology Stocks : INTERNET MANIA! Day Trading Net Stocks -- Ignore unavailable to you. Want to Upgrade?


To: wiley murray who wrote (768)12/3/1998 8:14:00 AM
From: Kip518  Read Replies (1) | Respond to of 1054
 
Here's the relevant part;

"I believe beyond a doubt that retail [or small]investors, specifically online traders, play a major role in moving these stocks ... We're talking about day-traders," says Bill Burnham, an electronic-commerce analyst with Credit Suisse First Boston Corp. "I have on my screen all these [companies] that literally have been comatose for months who have sprung to life in the past few weeks, and I guarantee it's because of chat on the Internet and retail traders."

Indeed, on Monday, a discussion group called "INTERNET MANIA! Day
Trading Net Stocks," was the most often-visited section of Silicon Investor, a popular Web site devoted to technology stocks. By Wednesday, the chat board, started only last Friday, was clogged with 731 messages.