Excite [XCIT], an exciting stock to own in 1999! Message Board

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

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To: TLindt who wrote (2177)	9/10/1998 9:56:00 PM
From: Charger	Read Replies (1) of 3183

Tom, have just been keying into your chart reading, am just beginning to learn charts myself. XCIT is trading well above valuation with huge (negative $100.6 mill) after-tax losses. Do charts pay no attention to fundamentals? The fact that it is trading below is 200 day MA, does this take into account the whole Dow picture and what is about to happen? Does the fact that the Dow is under its 200 day mean that no matter what Brazil/China/Japan/Clinton, etc. do, it will go up? Am trying to understand this phenomenon, LOL, TIA. And then you say, (though XCIT,LCOS, etc. are under the 200day)..."these aren't going anywhere unless the Dow powers back over.." I would think so also, that this rise was just a short squeeze and sellers could arrive in force Friday. So...I mostly need to understand the MA in these market conditions. Thanks again.

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