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Technology Stocks : Excite [XCIT], an exciting stock to own in 1999!
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To: Frank Wechsler who wrote (3162)5/21/1999 4:31:00 PM
From: FR1  Read Replies (1) of 3183
 
You guessed it.

Next month is the month leading up to earnings. Usually hard to stop nets from going up sharply in a month like that.

So if you are a MM and want to stop the nets from being even more wildly overpriced, sell them down now and let them come up next month.

Same thing happened in Q1 and Q4 last year and I bet it will be a normal repeat from now on.

Important thing is to know that you have a good stock for the future and sit on it. The guys that win big in the long run are probably buying now.

Next week should be good for us. Lots of press, 2-1 split, etc. We could do great or screw it up, depending on how the new business is structured. Some of the sharp sell off may be due to the fact that nobody knows what the new business will look like. It is a good sign that the Xcit CEO is getting on all the talk shows. Maybe he will head the merged businesses. ATHM CEO is selling shares. Whatever the case, you can bet that there will nothing but positive hype coming out of the new business plus a 2-1 split and all that will get air time and print.

At first I thought they timed the split badly but now I can see that they did it prefect. You want a split to occur at the beginning of a month leading to earnings. That's the best month for positive momentum. If they did it a month ago we would be really singing the blues right now.
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