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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Redhook who wrote (14856)	5/27/1999 10:36:00 AM
From: Souze	Respond to of 43080

NEW YORK -(Dow Jones)- The downturn in Internet stocks may be nearing an end, according to BancBoston Robertson Stephens analyst KeithBenjamin. "In our view, many investors appear to have given up after recent declines, demonstrating capitulation that typically defines the bottom," Benjamin said in a research report issued Thursday. While he cautioned that it is difficult to pinpoint the exact timing of a reversal, he said "we are close enough to start to be more aggressive accumulating a broader range of stocks." He said results for the June quarter will likely "exceed expectations at least as much as we saw in the March quarter," and "the next reporting season will be a positive catalyst for the group." He recommended "starting to build a basket of stocks" including the leaders in the Internet sector, like Amazon.com Inc. (AMZN), America Online Inc. (AOL), CNet Inc. (CNET), Yahoo! Inc. (YHOO) and Lycos Inc. (LCOS). He also said some emerging companies appear attractive, including Gemstar International Group (GMST) and Priceline.com Inc.(PCLN). -Nancy Beiles; 201-938-5267 Copyright (c) 1999 Dow