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Microcap & Penny Stocks : XSNI - X-Stream Network
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To: Troutbum who wrote (474)5/12/1999 4:16:00 PM
From: Pashoe1  Read Replies (1) of 3519
 
Let's take this in perspective. With a small float this issue can move 20 to 50% in either direction. It should trade above 2.5 today but expect a drop in the coming days. Why? Well no information for one. BB stocks need information to move them. Especially after a big run like this one had. Unfortunately I did not check my email from my stock tip source until the weekend and missed out in getting in before Monday's gap. He did inform me that the short term target is 12 to 15. So again be patient. Not to say he is always right be does have an excellent track record.

But let's look at the Good Points: Small float (good) . Lehman Brothers as their broker (excellent). A good foothole in an expanding industry via foreign countries. Now I am going to do some more DD on the Lehman Brothers rumor, if this is indeed factual then this stock's market value should be atleast 8 but likely more. As of 3:54 the price is 2.99. Now again be prepared for this issue to trade in the ones for awhile. Not to say it will or won't but with no PR and little information some investors will decide to pull out and the stock price will fall. If and when PR is out then this stock should see significant gains. Maybe not 6 (short term) but good gains.

Last, it all comes down to the confidence you have in a company if you want to day trade this stock be warned you may see a 50% drop in capital. But remember it is a paper loss and this issue did move based on word of mouth and that tells me that their are investors waiting on the sidelines for good news.
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