OptionInvestor.com Announces Investment Opinion.DENVER--(BUSINESS WIRE)--May 27, 1999-- After days of downward sliding, technology stocks picked up somewhat Wednesday. Internet stocks walked away big winners, with their largest rise in four weeks. The 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 leaped up 46.28 points while the DOW bounced back 171.07 after days of dropping prices. Among Internet stocks, Yahoo! (NASDAQ:YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ) picked up nearly 14 points and Excite (NASDAQ:XCIT) jumped over 13. Blue chip stocks Blue chip stocks Common stock of well-known companies with a history of growth and dividend payments. rebounded as well, led by IBM's (NYSE NYSE See: New York Stock Exchange :IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) ) 15 point gain. Merrill Lynch (NYSE:MER mer Among the Cheremi and Udmurt peoples of Russia, a sacred grove where people of several villages gathered periodically to hold religious festivals and sacrifice animals to nature gods. ) stock leapt ten percent on rumors of a merger with Chase Manhattan (NYSE:CMB). Many of the top performers from yesterday feature options. Yesterday's top options, traded by volume, include: BASE DESCRIPTION LAST VOL Cg. STOCK NYSE:AOL C JUN 99 130.00 5.50 11139 +1.50 120.00 NASDAQ:DELL P JUN 99 35.00 2.25 10500 -0.25 34.56 NYSE:PPE P JUN 99 10.00 0.56 10222 +0.12 10.56 NASDAQ:MSFT C JUN 99 80.00 2.19 8143 +0.56 78.50 NYSE:DIS C OCT 99 30.00 3.25 7075 +0.13 30.00 NYSE:MER C JUN 99 80.00 4.25 5979 +3.38 78.69 NYSE:LMG.A C JUN 99 75.00 0.94 5577 +0.00 66.88 NASDAQ:CSCO C JUN 99 115.00 2.63 5328 +1.06 109.13 NYSE:ATI C JUL 99 105.00 7.50 5018 -1.25 102.25 NYSE:TWX P SEP 99 60.00 2.50 5000 +0.19 70.81 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 Option Investor.com at http://www.optioninvestor.com They offer a free two-week trial. |
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