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To: waldo who wrote (3855)	12/23/1998 10:21:00 PM
From: waldo	Respond to of 37507

>>''Nothing like this has happened before,'' she told Barron's. ''TV and radio took years to develop. This has taken virtually months.''<< >>''The shorts are running for cover,'' said Marsh, ''They're responsible for a lot of today's move.'' That's a problem, said Marsh. Normally, short sellers act as a corrective influence on stocks that are overvalued. But when an analyst's musings can send stocks soaring, the corrective influence is not only lost, but reversed.<< >>Forget about traditional stock valuations based on earnings, she said. These Net stocks have to be valued based on their first-mover advantage in an explosive new medium. Now is the time to seize market share; earnings will come later.<< dailynews.yahoo.com W

To: waldo who wrote (3855)	12/23/1998 10:26:00 PM
From: waldo	Read Replies (2) \| Respond to of 37507

>>''Any time there is good news for any major Internet stock, it gives a boost the whole group,'' said Peter Coolidge, senior equity trader at Brean Murray & Co. ''It helps validates the sectors.''<< >>Analysts said that part of the recent rally in technology shares is the result of portfolio managers striving to show the market's hot stocks on their 1998 balance sheets. ''If you're a portfolio manager, you've got to play where things are moving and this is the only game in town,'' said Roy Blumberg, chief investment strategist at First Allied Securities.<< biz.yahoo.com W