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Technology Stocks : Excite [XCIT], an exciting stock to own in 1999!
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To: tiquer who wrote (2138)9/1/1998 1:09:00 AM
From: Jason Ellis  Read Replies (2) of 3183
 
You know guys, I just notice this: At 3:59pm, both ASK and BID price is exactly $21.75. This is a bad sign. It tells me that investor doesn't care anymore. They are selling all their holding, like me, this morning. You ask for only $21.75, I am willing to let you have it for the same price.

With this closing price, you can guess how bad it will be at the opening tomorrow morning. And I don't blame them, 'cause at the end of the day, XCIT, Lcos, Yahoo is nothing but an office with a no. of
mini-computers in a room. We are buying billions of dollars of stock that the mere assets is nothing but a search engine inside a few mini-computers. Especially XCIT and Lycos, they are still at net loss so far, and will be way past this year. They can collapse just like Bre-X, not as bad of course.
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