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.
index is off 10% in that four-day span, while
index was off 9%.
Today is more of the same. As the
Nasdaq Composite Index
did its impression of the
, 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.
, priced at $10, leapt 4 1/4, or 42.5%, to 14 1/4. Far more impressive was
, 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
will have to wait. It is priced at $10 and should begin trading soon.
Specks of news about dot-com happenings:
reiterated its buy rating of
announced the purchase of rival
in a cash-and-stock deal valued at $31.8 million.
launched its new online real estate presence,
announced a buyout of the remaining 30% of
that it does not own.