Getting Rid Of Insecurities
Internet security stocks are gaining the Street’s attention on news of a
Nokia deal to buy a 5% stake in an under-$10 issue, Intertrust Technologies
(
ITRU |
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The stock, up 2 1/8 at 6 7/8, or 57%, offers Internet security of digital
information, including music, videos, software, games, publications and images.
ITRU is up on five times its normal volume
out of a two-month base. Volume should culminate today at its highest ever
(excluding its IPO debut on 10/26/99). This kind of massive institutional
interest is what makes double-digit stocks out of single-digit stocks.
Rallying in sympathy but not following through were Internet Security Systems
(
ISSX |
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30-minute period from negative territory, and Check Point Software
(
CHKP |
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now up 2 9/16 at 155 5/16 after a bigger gain. These stocks could shadow ITRU
when this stock pops again.