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To: Satellite Mike who wrote (28825)	12/3/1998 7:44:00 PM
From: llamaphlegm	Read Replies (2) \| Respond to of 164684

OC; Wow, that does not say a lot for the average intelligence of an internet long -- mark f, randy, william h and dare i say, even you beloved grimmie -- you are all great at anticipating what will be attractive to the greater (greatest?) fools, Fools, imbeciles, lazies, greedy etc. and you have profited handsomely from it -- congrats -- please don't confuse your ability to identify good momo investing and get in early, which you all did admirably, with any kind of ability at all to do FA -- you can't -- if you could you'd been out of this stock ages ago -- lots of ways to make money and you've found one, but please with utter lazy and/or phenomenally stupid people like these driving these stocks, don't pretend the company has much of a future at these levels of valuations -- <<< Retail internut daytraders are ever stupider than anyone had imagined: Thursday December 3, 3:24 pm Eastern Time Temco shares double, then fall, in case of "mistaken identity" NEW YORK, Dec 3 (Reuters) - Shares of building maintenance and security company Temco Service Industries (OTC BB:TMCO - news) momentarily doubled on Thursday only to reverse course in a flash in a move traders said seemed to be a case of mistaken identity. The sudden spike carried Temco shares as high as $65 from a closing price on Wednesday of $28.75. The move came on the same day that shares of Ticketmaster Online CitySearch (Nasdaq:TMCS - news), a well-known Internet company, debuted on Nasdaq after its initial public offering. Traders, who asked not to be identified, said they believed people bought Temco shares believing they were Ticketmaster stock. The Nasdaq symbol for Ticketmaster Online, ''TMCS,'' is very close to Temco's Bulletin Board symbol, ''TMCO.'' ''We saw some unusual activity. There's a high probability people were buying the wrong stock,'' said one Nasdaq trader. Temco did not return calls for comment. Another trader said the sudden move was a particular surprise given the infrequent trading typically seen in Temco shares and the lack of a ready explanation for the sudden interest. ''Everyone in the country wanted to buy the stock at the same time for a couple of hours and there wasn't any news from the company,'' the second trader said. Ticketmaster shares were trading at levels fluctuating around $50 a share in mid-afternoon, up from an IPO price of $14. Temco shares had returned to a price of $28 a share by late afternoon. >>>

To: Satellite Mike who wrote (28825)	12/3/1998 7:47:00 PM
From: llamaphlegm	Read Replies (3) \| Respond to of 164684

ps -- to the person who made the utterly ridiculous claim that institutions are major holders of this stock, i give you the below -- btw, in the real world, in the print WSJ -- they listed amzn, yahoo, and 2 other stocks and showed the top market makers -- all otc or small shops -- no major firm wants to do much with it and noted that virtually all the orders were under 1000 shares -- the hallmark of retail investors. How 'Day Traders,' Computers Created a Web Stock Frenzy By REBECCA BUCKMAN Staff Reporter of THE WALL STREET JOURNAL The Friday after Thanksgiving is traditionally a lazy day for most of Wall Street. But this year, it was a day of frenzied market action for Internet-company stocks. In that single day's trading, shares of Web auctioneer Onsale Inc. shot up nearly 63%. Books-A-Million Inc., a little-known Alabama company that last week unveiled a jazzed-up Internet bookselling site, saw its shares more than triple. And stock of tiny Connect Inc., which makes systems that help Web sites offer online shopping, more than quadrupled, from $1.375 to $6.125. The source of the market jolt wasn't big institutional investors, most of whom generally take the day off. Instead, increasing evidence suggests the stocks were bid up that day, as they have been throughout much of the past month, by hyperactive individual investors trading online themselves. This breed of amateur -- and semiprofessional -- investors, also known as "day traders," quickly move in and out of stocks, rarely holding positions for more than a few days. It's probably no coincidence that the stocks most swept up by this kind of online trading -- based on momentum, tiny nuggets of news, or rumors on Internet message boards -- are Internet stocks themselves. "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. Raising Questions The excitable trading raises clear questions about whether the new, risky trading style, employed by investors ranging from retired businesspeople to college students, poses dangers for some investors and brokerage firms. Earlier this week, the Nasdaq Stock Market created a new task force under its Quality of Markets Committee to discuss the recent spike in volatility in many stocks, including Internet issues. The committee is expected to identify reasons for the trend in the next few days and look for possible solutions in coming weeks, a Nasdaq spokesman said. interactive.wsj.com