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Microcap & Penny Stocks : XSNI - X-Stream Network

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To: Jeffrey D who wrote (1302)6/16/1999 3:23:00 AM
From: VBroady  Read Replies (1) of 3519
 
Been buzzing around the internet, looking for XSNI tidbits, here's one:

X-Stream Networks Inc Symbol: BB:XSNI BB
Bargain basement again. Stock was run down on small volume ahead of news IMHO. Volume today has been small sells and huge buys. Head of Munder Net fund was on and said that AOL was disappointed in their UK performace. Why you ask. Because XSNI is taking all their business with their free internet services. The wave of the future ISP's IMO. I also read somewhere in a letter from the Company that they were cash flow positive in their first 10 months. Another interesting tidbit. Read this on a board. XSNI was a merger and name change with Firecrest. Apparently, all UK shareholders (long/short) are restricted on selling/buying their shares until June 30. The old company was close to being suspended and some large short positions are being held. I'm looking for a run up of the stock to the end of the month whether or not this is true. If it is true, I expect a huge short cover to continue a ralley. This might be at $5-6+ before the short cover. Can you say 10 bagger? I'm all over this stock again and believe this is a no brainer entry point! Trading looks familiar when the stock ran up last time made a nice 50+%return. As always do your own DD and good trading. Carlson

(From daytraders site)

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