Interest in the Internet

The recent jump in internet stocks has caused many investors to buy and sell at rapid rates. Internet stocks have a tendency to increase, and decrease, by incredible amounts of money in short periods of time. This is caused by rumors of buy-outs and sell-outs. For example, on rumors of a buy-out, Yahoo (YHOO), rose 17 points in a single day. Two weeks ago Excite (XCIT) went up 30 dollars for the week. The next week it was down by about 30 dollars. Continuing in the pattern, Excite has gone up 8 points today, sparking the beginning of a new pattern.

Other stocks that have gone up by leaps and bounds include Lycos (LCOS), Infoseek (SEEK), and Amazon.Com (AMZN). Each of these internet-based stocks goes up or down in enormous intervals. The pattern is this: When the Dow is either in the scale of down 25 for the week and goes up to anything over zero the internet stocks go up. When the Dow is down for the week the internet stocks go towards the down pattern. This system isn=t always accurate, but internet stocks have been promising ever since America Online (AOL) rose over 100 points in 52 weeks. Overall internet stocks are up for the year and are a strong buy in this investor=s opinion. They should continue to rise as the week=s rolls on.