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


To: Keith J who wrote (1074)3/4/1998 3:20:00 PM
From: James F. Hopkins  Read Replies (1) | Respond to of 3183
 
Keith; I'm not into the FA of them, but have seen so often what
appears to me as rotation by the Tech Mutual Funds many of which
own some of all in the sector, and when divergance comes they seem
to take profits out of the winners to buy the dips on the others.
They don't all move as a grope, and I doubt any Fund Manager wants
to bet on just one as becoming the winner.
If one stock in a secter gets to outruning the others a lot,
I think there will be some assest allocation made.
It's like sell some of the high one and pick up some of
the cheaper one ( on a percentage basis ) unless AOL and YAHOO
turn back up I think XCIT will correct some..the tide floats,
and lowers all boats, not allways at the same time.
But I could be all wet, XCIT is haveing a nice day today. :-)
Glad I wasn't short prior to this.
Jim