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Technology Stocks : ITURF Inc. ( NASDAQ:TURF ) -- Ignore unavailable to you. Want to Upgrade?

To: William F. Wager, Jr. who wrote (331)	5/20/1999 3:21:00 PM
From: mact	Read Replies (1) \| Respond to of 614

anyone else getting annoyed at this stock....a real disapointment....turning into a ABTL real fast....when will my 60 days be over on this one again?...lol. mact

To: William F. Wager, Jr. who wrote (331)	5/20/1999 6:06:00 PM
From: Big Dog	Respond to of 614

Nasdaq falls before close on Internet-led sell off Thursday May 20, 5:26 pm Eastern Time NEW YORK, May 20 (Reuters) - The Nasdaq index dropped in the last hour of trading, as Internet stocks took a beating. The Nasdaq composite index closed down 35.17, or roughly 1.36 percent, at 2542.23, unofficially. More than one billion shares were traded. But advancing issues swamped decliners 2285 to 1745. There were 119 new highs and 37 new lows. ''The market sold off in the last half hour,'' said one trader. ''The Internet stocks are weakening under extreme supply and new issues.'' Some big-name Internet stocks put their momentum behind the late-afternoon slide, traders said. Amazon.com Inc. (Nasdaq:AMZN - news) ended down 8-3/4 at 130-13/16. The Web retailer said late Wednesday it planned to raise up to $2 billion to pay for its rapid expansion in online book retailing and other new businesses. Traders cited bellwether tech stock America Online Inc. (NYSE:AOL - news) as another factor in the Nasdaq fall together with Microsoft Corp. (Nasdaq:MSFT - news). AOL, the leading consumer online service, closed down 6-1/8 at 129-1/16. One trader said the shares were off because no news came out of a much-anticipated company meeting on Wednesday. Shares of Microsoft ended down 7/8 at 78-7/16. Microsoft was among leading technology, consumer and healthcare companies which agreed to make a $360 million investment in WebMD, the online medical firm that has agreed to merge with Healtheon Corp. (Nasdaq:HLTH - news). Friday's ''double witching'' expiration of options on futures and stocks was said to have contributed to the late day volatility, traders said. Bucking the Nasdaq trend was online toy retail store eToys Inc. (Nasdaq:ETYS - news) whose stock closed up 56-9/16 to 76-9/16, after its initial public offering. The initial offering price was $20 a share.