Internet Market Close Report for 1998.06.25
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|25-Jun-98||point change||% change|
|ISDEX Price Wtd.||1,752.81||6.88||0.39%|
Despite the jump MSPG market capitalization lags its rival Earthlink (NASDAQ:ELNK) by about $50 million so the gain was probably long overdue anyway in our opinion. Most of the buying was small lots, indicating retail investors who may be under the false assumption that more shares = more value or bang for the buck. Said another way: 1 divided by 3 = 1, unless those smaller pieces can grow.
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