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Technology Stocks : Excite [XCIT], an exciting stock to own in 1999! -- Ignore unavailable to you. Want to Upgrade?


To: Benny Freeman who wrote (567)11/12/1997 5:25:00 PM
From: RLM  Read Replies (2) | Respond to of 3183
 
It looks like it has support at 15. But you cannot tell where it will
go because the market is moving for reasons other than fundamentals.
Fear is driving the market right now. The market could open down tomorrow and then rebound. You just have to wait to see where investors are comfortable getting back into the market. With Saddam rattling his sword, the Asian market fiasco, and people now starting to look at their tax picture for this year, you don't know what can happen. Alot of the tech stocks are just a little above where they were when the market crashed ladt month. You have to remember these XCIT is up on SPECULATION nothing more. These stocks are the hardest hit when the market is going south. I just can't believe that Lycos s hanging in better than XCIT.



To: Benny Freeman who wrote (567)11/12/1997 9:52:00 PM
From: Charles A. Fielder III  Read Replies (2) | Respond to of 3183
 
Personally, I think it will be back in mid 20's very quickly, if not tomorrow morning. When you stop to think about Yahoo's valuation being more than 7 or 8x times that of Excite, and then compare the last quarter's earnings of the two, you can only become quite puzzle over who is controlling this stock. With all of the analyst still recommending this as a Strong Buy, I would not be surprised to see more upgrades soon. My research has shown that there has been no big insider sells, unlike the other search engines.

Overall, this is the No. 2 Search Engine and certainly in my opinion Excite sounds better than the others and the name will only GROW much stronger.

XCIT on!

Charlie Fielder