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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: Rock_nj who wrote (33540)	12/24/1998 1:33:00 AM
From: waldo	Read Replies (1) \| Respond to of 119973

>>'It's a mysterious challenge to my brain,'' said one Internet analyst. ''I wish I had an intelligent comment, but this is just bizarre.'' The most reasonable explanation put forth was that investors, particularly individual investors eager to catch the next high-flying Internet stock while it was still reasonably cheap, had identified uBid as an eBay in the making.<< biz.yahoo.com >>Overall, traders said tax-related selling has dried up, leaving more buyers in the market. Year-end portfolio tweaking sent fund managers into 1998's best performers, notably techs.<< >>Small and mid-sized Internet stocks continued a meteoric rise, leaving some analysts with worried minds.<< >>At least two analysts said some of the gains came as ''young Turks'' or money managers who had never seen a serious market correction jumped into such stocks. ''It's the end of the year and if you haven't performed that well, you take a shot. What have you got to lose?'' said Dick Stein, chief technical analyst at Noble Investments. Some traders talked about a ''Santa Claus'' rally in stocks but technically, the Santa rally has not even started. According to Yale Hirsch at the Hirsch Organization, which tracks historical market data, the Santa rally takes place during the last five sessions of the year and the first two sessions of the new year. Thus, the Santa rally, historically good for a 1.5 percent rise, won't even start until Thursday.<< biz.yahoo.com >>''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. >>''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 Waldo geocities.com