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: Charles A. Fielder III who wrote (572)	11/13/1997 7:52:00 PM
From: Benny Freeman	of 3183

Charles, how right you were. A gap up to 22 7/8, down to 22; retest up to 22 7/8, then plunge to 20 1/2 for another test of that level; then, all the way to 23 1/4, the high being 23 3/8. I committed the day traders most deadly sin, failing to close out my short yesterday at 20 1/8. Closed it out at 22 5/8. Today's action makes me think the stock is on its way back to 30. By the way, now long at 22 7/16. In fact, I'm just going to totally concentrate on XCIT. XCIT, LCOS & YHOO were up substantially. I believe today was the selling climax for this round.. Both times XCIT low 20, the buying was powerful. The rebound this afternoon carrying it above the first rebound and on much higher volume. Consequently, I believe you are right and we are going higher. Good Luck!

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