Pulled Down by the Nasdaq, the Net Sector Continues to Sink

Despite a few bright spots, like BroadVision and Inktomi, the sector and its bellwethers are seeing lots of selling.
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If the market were like kickball, then this week would probably fall under the "do over" category. So far,

TheStreet.com Internet Sector

index has fallen 9% since Monday's close.

TheStreet.com E-Commerce

index is off 10% in that four-day span, while

TheStreet.com E-Finance

index was off 9%.

Today is more of the same. As the

Nasdaq Composite Index

did its impression of the

U.S.S. Maine

, the DOT was its captain and went down with the ship. The Nasdaq has fallen 47, while the Internet sector is off 20, both headed toward a watery Friday grave.

Here's a look at the DOT components, as of 1:35 p.m. EDT:

A few bright spots, like BroadVision and Inktomi aside, the whole sector is tanking, led by AOL, Amazon and Yahoo!.

Investors must be quick and decisive when investing in an IPO, lest the opportunity eludes them. Today, many were both QUIK and (de)CYSV.

QuickLogic

(QUIK) - Get Report

, priced at $10, leapt 4 1/4, or 42.5%, to 14 1/4. Far more impressive was

Cysive

(CYSV)

, which priced at $17 and skyrocketed 19 5/8, or 115.4%, to 36 5/8.

Those of you who cannot wait to get your hands on

Women.com

(WOMN) - Get Report

will have to wait. It is priced at $10 and should begin trading soon.

Specks of news about dot-com happenings:

Robertson Stephens

reiterated its buy rating of

JFAX.com

(JFAX)

.

Autobytel.com

(ABTL)

announced the purchase of rival

CarSmart.com

in a cash-and-stock deal valued at $31.8 million.

Kennedy-Wilson

(KWIC)

launched its new online real estate presence,

eProperty.com

, today.

British databaser

Dialog

(DIAL) - Get Report

announced a buyout of the remaining 30% of

Muscat.com

that it does not own.