Xin Net Technologies - BB: XNET - The Next Internet Stock? Message Board

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Microcap & Penny Stocks : Xin Net Technologies - BB: XNET - The Next Internet Stock?

XNET 7.260

+2.4%

Jan 2 9:30 AM EST

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To: Sprintcar who wrote (482)	3/18/1999 8:30:00 AM
From: LT	of 1593

one of the promoters of this stock the other day dumped 500,000 shares Yep that's sure what it looked like in the run up. Some one was dumping maybe 5k or 10k blocks, inter spaced between buys for several hours. By inter spacing the sells between the buys the stock doesn't crash suddenly, nor does it go up either. Kind of slowly drains :( Many times shares are out to promoters, perhaps even from well before the spin off. When the stock goes up they dump. If that's it for the shares used to promote, then we are ok. I don't know for a fact this is what happened. It just looked to be the case. LT

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