OptionInvestor.com Announces Investment Opinion.DENVER--(BUSINESS WIRE)--May 12, 1999-- Market's Ride May Continue Despite Bond Pressure Multiple factors sparked the market rise even as investors grow more cautious about the 1200-point rise in the last five weeks. Bond yields climbed to 5.83% but the market still managed to close within 5 points of a new record. Some of the sparks today included an upgrade of AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. (NYSE NYSE See: New York Stock Exchange :AOL) to "strong buy" by Mary Meeker Mary G. Meeker (born September ??, 1959 in rural Portland, Indiana, USA) is an influential[1] Wall Street securities analyst and investment banker primarily associated with dot coms and the 1990s internet bubble. of Morgan Stanley. As a leader in the Internet sector, AOL set the stage for the rally. AOL gained $11.63. Yahoo! (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ) announced the launch of Yahoo! Radio to provide users with broadcast radio on their desktop. Yahoo! signed agreements with Broadcast.com (NASDAQ:BCST BCST Broadcast BCST Bachelor of Computer Science and Technology BCST Battle Command and Staff Training BCST Biodynamic Craniosacral Therapist ) and Spinner.com to provide 10 stations of music programming 24 hours per day, seven days per week. The NYSE's largest gainers for the day were: -0- Symbol Price Change Volume AOL 139 3/8 +11 1/16 28,390,700 WMT 47 1/2 +2 5/16 12,818,000 C 72 1/2 +1 3/16 8,962,200 LU 59 7/8 +1 1/16 6,897,200 BRH 11 1/8 +3/16 6,346,700 MOT 86 +4 1/8 5,955,400 YPF 42 15/16 +7/16 5,827,300 CD 19 +1 5,673,400 TYC 87 7/8 +3 1/4 5,574,600 HD 59 1/4 +2 7/8 5,538,300 Options for the stocks listed above trade for a fraction of the price of the stock and, when properly positioned, option traders need only a $5.00 move in a stock to achieve a 50% gain in the option price. Visit OptionInvestor.com at http://www.optioninvestor.com. They offer a free two-week trial. |
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