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


To: Frank Z who wrote (1076)3/4/1998 8:10:00 PM
From: James F. Hopkins  Read Replies (2) | Respond to of 3183
 
Well; It started with DIS..then INTC..then the mention that new
orders are off..kinda hard to grow the internet if you
don't have new boxes ...another warning from to major TV net works
warn about how advertiseing money is down..something the internet has
taken for granted may not show up next month. It's like an Asia
flu thingy..but this is here in the U.S..many things a tied
together...and if that's true enough..just count on when the
tide goes out all boats sink..it'd not just INTC, add CPQ, DELL,
IBM, also host of others..I'm not looking for a major drop..
but more like a correction..the market got ahead of itself..
look up 10% in a month = 120% a year..that's just unreal.
Basicly I'm a bull..I short very little..but what do people
expect stocks to double every year ...it's not realistic..
Message 3602124
It won't just be the tech sector..and not many won't get took
down a notch or two by mid week next week. I been sounding a
caution since last Friday, and then day before yesterday it
looked bad again..yesterday made me look a little foolish..
but today signaled again..what don't take hits tommorrow..
will likey get hit next week via rotation of FUNDS..
Mutual Funds..hold a lot of issues..like the big political
contributers give money to "BOTH" parties to hedge themself,
with stocks profits are taken from one some high runners
to buy the bargains..( the main reason all boats drop in a
falling tide ). I see XCIT about 44 to 46 by next week.
I might be wrong, if so it wont be be the first time.
Jim