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Technology Stocks : Excite [XCIT], an exciting stock to own in 1999!
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To: Benny Freeman who wrote (567)11/12/1997 5:25:00 PM
From: RLM  Read Replies (2) of 3183
 
It looks like it has support at 15. But you cannot tell where it will
go because the market is moving for reasons other than fundamentals.
Fear is driving the market right now. The market could open down tomorrow and then rebound. You just have to wait to see where investors are comfortable getting back into the market. With Saddam rattling his sword, the Asian market fiasco, and people now starting to look at their tax picture for this year, you don't know what can happen. Alot of the tech stocks are just a little above where they were when the market crashed ladt month. You have to remember these XCIT is up on SPECULATION nothing more. These stocks are the hardest hit when the market is going south. I just can't believe that Lycos s hanging in better than XCIT.
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