SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: Bill Harmond who wrote (41468)2/20/1999 5:39:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 

BY JAMES PETHOKOUKIS
When it comes to withstanding G-forces, roller-coaster fans have nothing on Internet speculators. After a month of steady losses, Web stocks really started to plummet last week. From Monday through Wednesday, Amazon.com fell as much as 15.9 percent, Yahoo! 18.5 percent, and Network Solutions 25.2 percent. But by Thursday, all was forgiven as traders again scrambled for a piece of the action–any action. Initial-public-offering Prodigy Communications surged 87.5 percent on its first day's trading. Yes, this is the same Prodigy that lost its battle with America Online but is now reinventing itself as an Internet service provider. Then on Friday, Web stocks crashed again, with the Amex Internet index falling 5 percent.

More....

usnews.com