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

To: badon518 who wrote (2146)	9/1/1998 9:26:00 AM
From: Andeveron	Read Replies (2) \| Respond to of 3183

In a protracted bear market, the search engines that are not making money will have two choices: 1) Merge with each other (LCOS and XCIT) 2) Get bought out at prices much below where they are now by traditional media or sausage casing producers. Zap is probably salivating at these prices. Thats not to say that YHOO won't merge with another engine or get bought out entirely either since their earnings are middling. When SPO money isn't coming in anymore and earnings aren't forecast until Y2K, if ever, this is becoming more and more of a reality.

To: badon518 who wrote (2146)	9/1/1998 11:12:00 AM
From: Jason Ellis	Respond to of 3183

What you are saying is right for the long term. Not now. I was thinking of the same thing. I bought Yahoo at $94. Look what it is now. $61. Hey I bought it last Wed. Internet stock fall so fast because THERE IS NOTHING TO HOLD IT BACK. If you own a computer stock, it falls, investors said: well, where are their assets? Compaq can said: Look, we have these factories, we own 1500 arces of land (Compaqland) for production, 800 in Texas, 700 in Scotland, etc. What can an internet stock owns? Well, these few machines sitting here, that's it. There is nothing to back it up. Internet stock in the future will grow. But with a panic of global recession suggesting by some analysts, the truth is, if you own XCIT at $25, you can sell it yesterday, and buy them out at $18 today. So one way or the other, there is no point of holding it. Buy something solid or keep your cash, wait for a few months when this thing settle down, then buy back. You are thinking of long term investment, hey, it will take a very looooooong time for it to move back up to where it was. Which way is easier? 1) bought it at $77 and watch it fall to $18 and lower? 2) cut your loss at $25, leave it, wait for a month or two and start off again at mid $10? Say $15-$16 in the next few days?