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


To: Still Rolling who wrote (1024)2/24/1998 4:42:00 PM
From: TLindt  Respond to of 3183
 
Just below the 50DMA...which is at 37-38ish now.

Excite....Yahoo...Lycos & Seek all settle below that benchmark just before they take off again....they stay below from a couple weeks to a month or so...ala Asia. Then One(Yahoo!), Two(Lycos), Three(Excite, & Four(Seek), it's off to the races and to new highs.

It's like a pump...with an up stroke then a down stroke...I believe the big money rolls thru these four...I call it my 'popcorn theory'. They get hot...and they all pop...but not at once.

Then when the current price exceeds the 50DMA by 50% I start to thin down the position.

For me Yahoo's advancement to new all time highs will signal the repeat of this cycle, and my buying down stream.

I've played Excite for a long time...the last two trips I also played Seek for $10 on 2 trades. This time around I may play Lycos too.