Excite [XCIT], an exciting stock to own in 1999! Message Board

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Technology Stocks : Excite [XCIT], an exciting stock to own in 1999!

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To: craig crawford who wrote (1132)	4/3/1998 10:48:00 PM
From: Mark Fowler	of 3183

>>Well I'm not letting a profit turn into a loss so I am out. Will try again later, but XCIT still looks good! On valuation excite looks comparative good. I think it will hold up comparatively well if and when this internet bubble starts to crack. It's trading near it's expected growth rates of 50x 99 earnings. But you look at Yhoo with its expected annual growth rate of 75%, it's trading at about 150x 99 earnings. I don't see much more upside in these internet stocks because most are way over valued. But on valuation, and not just valuation, I like Xcit, Cych. I think we will see profit taking going on and a rest for a lot of them. I took profits today in my short-term positions. And I plan to cut back some on Yhoo after earnings. I think they will be killer this qtr. Yhoo will make it to 120 if they blow the streets estimates away this coming Wed. Good luck to you.

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