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

To: TLindt who wrote (2172)	9/3/1998 4:05:00 PM
From: Brad Bolen	Read Replies (1) \| Respond to of 3183

Thanks for the chart. Looks like it hit its little head on the 200day MA. What I want to know is why this is one of the few internet stocks trading below its 200day. B.

To: TLindt who wrote (2172)	9/4/1998 1:41:00 PM
From: Jason Ellis	Respond to of 3183

Actually, in the stock market, the Tues bounce is known as the "Dead Cat Bounce". The reason for that Tuesday upturn is because too much was shorted on this stock, among most other stock by shorter, and they were covering their shorts on Tuesday. Since then, it's been gradually falling. In fact, if you look at the volume, the price is falling while the volume has tripled. That's really screw. That means a lot of people are selling, the people that are buying is willing to take a lesser price, so the price of the stock is falling at 3X the normal volume. with XCIT, our normal volume is about 2 million per day. Check out the volume in the past few days since Tuesday.