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Technology Stocks : Excite [XCIT], an exciting stock to own in 1999!
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To: David L. who wrote (1298)4/16/1998 5:58:00 PM
From: The Vinman  Read Replies (1) of 3183
 
<<has little to do with earnings multiples>>

That statement alone is a great example of the irrational buying that has entered into this sector. Investors use the idiotic argument that this all about the future. Sooner or later, earnings will have to justify prices or these stocks will get slaughtered. XCIT still LOST .28, more than they lost last year, I am not impressed with that...the shorts will have their day in the sun in this sector, don't fool yourself that these are good long term buys, the buy and hold in this sector will pay dearly...easy to be optimistic when they are going through the roof.

Vinman
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