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Microcap & Penny Stocks : Xin Net Technologies - BB: XNET - The Next Internet Stock?
XNET 7.220+1.6%2:41 PM EST
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To: majormember who wrote (253)3/13/1999 12:24:00 AM
From: P.E. Allen   of 1593
 
If you want to sit with a stock for a while you are right.

But in most cases if a stock gaps up like these stocks and people get caught at the top, there will be selling pressure on the stock for several days or even weeks.

If may recover, but in the long run the traders of stocks under five dollars will try and cut their loss and any sign of a move up creates selling.

I know what you are saying, but those stocks have a group who are long in the stock, this stock just started trading at this level, check the historical trades, this is I think the first day that this stock traded over 500k shares.
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