Private investors are snapping up internet shares in a wild 'tech-frenzy' according to stockbroker Charles Schwab.
Brokers' expectations of a pre-Christmas ease were blown away on Monday, as private investors caused one of the busiest mornings on record. Stockbrokers said there was an unprecedented surve in numbers chasing internet company shares.
Charles Schwab communications director Guy Knight says: “Its extraordinary – a tech frenzy. It looks like this week is going to be as bad as last week.”