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Technology Stocks : The Roaring Twenty 1998

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To: White Shoes who wrote (135)7/16/1998 6:47:00 PM
From: White Shoes   of 338
 
I am beginning to turn again on NSCP and XCIT. Yahoo! and XCIT earnings are starting to show they are the real deal. Tough to buy either on the valuation but I would say XCIT and NSCP are good long term investments at this point. Due to the street's interest and recurrent takeover rumors I would not want to be out of either too long. The numbers are really starting to show. There is some lingering concern however that XCIT got the short end of the most recent deal with NSCP. In that case buying equal amounts of both would be a good strategy. I think savvy players might want to consider option strategies with these stocks, there are a range of such strategies available. The 'gambling' approach would be just to put $500 or $1000 in out of the money calls and hope for a big runup.

I will continue to watch and look for an entry point for buying the common stock of XCIT and NSCP. Suspect we won't get NSCP below 30 due to the recurring interest in the company. XCIT might see $60 again as momentum reverses.
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