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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Glenn B. who wrote (11788)2/12/1999 10:37:00 AM
From: Joe Copia  Read Replies (2) | Respond to of 25711
 
PENY volume over yesterday's 2.7 mil volume already.

MM's are behaving this morning and look to be begging for folks to sell.

I am holding.

Joe PTG&LI !!!



To: Glenn B. who wrote (11788)2/12/1999 12:15:00 PM
From: Glenn B.  Read Replies (1) | Respond to of 25711
 
Individual Investor Surges After Yahoo! Links to Its Web Site

New York, Feb. 12 (Bloomberg) -- Individual Investor Group Inc. shares rose 92 percent after No. 1 Internet directory Yahoo! Inc. linked to the Web site of the publisher of financial magazines.

The shares rose 2 11/16 to 8 7/8 in late morning trading of 3.09 million, more than 13 times the three-month daily average. Earlier, the shares touched 11 7/8.

New York-based Individual Investor is the latest company to see its shares surge on optimism that linking to Yahoo will boost its online traffic. The connection to www.iionline.com went live today on Yahoo's finance Web page, said Southeast Research Partners analyst Barry King.

''It should generate an enormous amount of future traffic, which will then be translated into higher advertising revenue,'' said King, who rates Individual Investor a ''buy.'' The site had revenue of about $1 million last year, he said.

Companies that have received a boost from a Yahoo link include Deli's Inc., a clothing retailer that caters mostly to teens. Its shares soared in December after it said it opened an online store on Yahoo.

Yahoo shares fell 4 1/4 to 154 1/4.

11:40:09 02/12/1999