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

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To: TLindt who wrote (681)12/14/1997 2:10:00 PM
From: Ron Kline  Read Replies (2) of 3183
 
T, Yes I did play all the internet search stocks and it was fun to play them all. I was the most surprised by the rise in Lcos when I bought at 12 and saw it run up pretty quickly to 40 in no time. I really only expected to get a gain to 16. It shows that they all can have their day with a little patience. Looking back over the action of them it was pretty difficult to know which ones would move. They all seemed to work in cycles, one quarter one would outperform, then the next quarter another one would outpace the others. Yhoo is the market leader no matter how overvalued the stock is. If Yahoo goes down big then they will all go down, so I don't see Seek as being a safe haven due to the lower price IMO. But with the prices today I would tend to probably pick Xcit short term. When there is a big divergence in price between Lcos and Xcit, Xcit tends to do catch up. Once Xcit get's into positive earnings then look out because I think it will really start to outperform the others. Of course any new news on any of them could change that whole analysis, and news can be a big factor in the moves of these stocks. I think Yahoo again is the leader on news. Seek is again the dog in that department. Anyway these are some of my thoughts right now.

Off topic I read your email on that travel company and I laughed. Very strange you bring that up now. I was at my Dad's last night and he wanted me to show him how to find info on the internet. He gave me a question he wanted me to find for him. He wanted to know which airlines go to a city he was interesting in visiting. So I searched around and finally found reservations.com through the travel area of Excite. I was pretty impressed with how it worked and the info it could provide and immediately bookmarked it. I could not find anything else out there that could give me the kind of info I needed. So if that's an indication it might be worth keeping an eye out for it.

Ron
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