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Technology Stocks : XLA or SCF from Mass. to Burmuda -- Ignore unavailable to you. Want to Upgrade?

To: Labrador who wrote (765)	11/30/2000 12:41:25 AM
From: Scott Bergquist	Respond to of 1116

I would suggest it will hover $4-5, because of my past experience following Applix (APLX) right here on SI (!!) From anecdotal evidence, many owned this equity on margin. Really, the only equities to own on margin are longterm bluechips paying a dividend, and even those you keep watch on. There is =no way= someone should have bought Xcelera on margin, even at 12, 11. Now I first heard margin requirements were raised on people (33% to 50%) and soon, with continued selling, below $5 will require 100% (ie NO Margin) which will exacerbate selling. Xcelera is a software play (with Mirror Image) not a dot.com content or incubator play like CMGI, though Xcelera does provide capital to nascent firms in exchange for equity. Those holding should prepare themselves for a rough sixty days here