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

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To: Mark Fowler who wrote (1294)4/16/1998 11:55:00 PM
From: S. Chiang  Read Replies (2) of 3183
 
Why people keep making their judgement based on the earning report today. No matter how good this Q is, the stock will be going down tomorrow for sure anyway. People just need an excuse to sell after this incredible run-up, or hype as you call it, in a few trading days. You may not feel anything even if it drops 10 points tomorrow, because it had been up 40 pts last week. But, what if it falls another 10 pts the next day, and another 10 pts the next day, and ..., just like the way it came up? I bet you will start getting nervous. A panic buying is always followed by a panic selling.
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