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Technology Stocks : XOOM [XMCM]

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To: TGO who wrote (277)1/17/1999 10:50:00 PM
From: Greg Howell of 687
 
I unloaded my XMCM position friday after having got in wednesday at $32. Largely because two weeks ago i got in GCTY in low $50's, watched it go to $75 - didn't dump it - and then watched it fall to its close friday of about $59. I was sure that GCTY was on its way to $100. Several people have referred to "wednesdays numbers"...are these the mediametrix numbers (top 25)?

Long term i love XMCM, GCTY and any other stock on the top 25 visited sites that isn't trading at $200 per share. Clearly, e-commerce on the net is where the profits are. Companies that have the large visitorship can easily throw e-commerce into the offering, and more and more people on the net are showing a propensity to purchase on the web early in their usage cycle.

That is will i will buy and sell - and accumulate some long - positions in stocks like XMCM, GCTY and TGLB in 99.

g
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