But the two Net stocks do share something in that both are members of the split frenzy that has gripped the market.
EBay was on a solid roll that's continued since its 3-for-1 split Monday. On Feb. 22, a week ahead of the split, eBay was trading at 80 1/2. It had almost doubled from that level when it reached a high of 151 1/16 today. It closed 18 7/16 higher or 14% at 149 1/4.
The enthusiasm seen for eBay has spread to CNet, which will split 2-for-1 after the close on Monday. It closed 28 1/4 points higher or 20% at 168 after reaching an all-time high of 170 7/8. Last Friday, CNet was trading as low as 110 1/8 and a short squeeze is likely contributing.
"This is the split," said Keith Benjamin, Internet analyst with
BancBoston Robertson Stephens
. "There's nothing fundamental and it's the same with eBay."
Benjamin, who has been touting CNet for a while, says it has finally moved into the elite class of Internet stocks.
"I think CNet has finally joined the ranks of big profitable stocks that caught the attention of retail and it's behaving with a strong reaction to a stock split, which is atypical of institutionally-owned stocks but typical of an Internet stocks."
analyst Anthony Blenk slapped a 173 target on CNet in a report released on Monday. While Blenk was on the money with his target, it was a six-month target, not six days. Blenk could not be reached for comment.
Net stocks were undoubtedly aided by
analyst meeting on Thursday.
Hambrecht and Quist
upped its rating on Yahoo! to buy from hold and other analysts also had kind words for the company. Yahoo! ended up 8 5/16 higher or 5.5% at 159 13/16.
was another of the day's Net winners, closing 22 15/16 higher or 24% at 119 3/4.
closed 18 5/8 or 12% higher at 174 9/16.