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Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?

To: tom ablett who wrote (7151)	1/24/1999 1:29:00 PM
From: F. Evans	Respond to of 37507

Bubble, Schmubble: No Panic on the Net Here's an article taken from thestreet.com. You can follow the link below for more information but I've pasted the whole article here. Bubble, Schmubble: No Panic on the Bubble, Schmubble: No Panic on the Net By David Shabelman Staff Reporter 1/22/99 11:01 AM ET So much for the panic. Internet stocks were mostly firmer Friday morning and hadn't seen the panic selling that characterized Tuesday's trading. The recovery comes despite weakness in the broader market as losses in IBM (IBM:NYSE) have weakened the Dow. "Some people have characterized this as a collapse of the [Internet] bubble. But that is overly dramatic because if a bubble bursts it bursts to nothing," said Phil Leigh, vice president of investment research with Raymond James. "Investors have to keep in mind the underlying tide continues to rise. We're still in the first inning with the Internet." James recommends "selectively initiating positions" in the industry leaders. Some stocks he recommends include broadcast.com (BCST:Nasdaq), CMG Information (CMGI:Nasdaq) and America Online (AOL:NYSE). The Internet stocks that have suffered the most recently, Yahoo! (YHOO:Nasdaq) and Amazon.com (AMZN:Nasdaq), have overcome early weakness to trade firmer. Yahoo held above support at 250 early today and was up 3 13/16 at 268 1/4. Amazon.com slipped briefly below 100, but recently was up 5 9/16 at 111 1/2. thestreet.com Frank