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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: Nikole Wollerstein who wrote (32372)1/4/1999 3:09:00 AM
From: H James Morris  Read Replies (2) | Respond to of 164684
 
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New York, Jan. 3 (Bloomberg) -- Individual, online investors account for 75 percent of all trading volume in two of the hottest Internet-related stocks, book retailer Amazon.com and content provider Yahoo! Inc., Newsweek magazine reported, citing research by electronic broker ITG Inc. Those investors, many of whom are so-called day traders, occasionally make a quick profit by swinging in and out of a stock in a matter of seconds, though experts say fewer than one in 10 actually makes money. About 15,000 people make a living day trading, but millions are speculating part-time as a surging stock market makes the risky business look powerfully seductive, the magazine said.

U.S. discount broker Charles Schwab Corp. recently overtook Merrill Lynch Co. as the biggest brokerage by market capitalization.

(Newsweek 1/11 42 www.newsweek.com) <<