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 8.170

-6.1%

1:25 PM EST

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To: Clyde Stone who wrote (1551)	1/6/2000 3:39:00 PM
From: FFNEODOC	Read Replies (1) of 1593

Clyde, If we follow the TA (Technical analysis) rules... since there was a "gap up" this morning from yesterday's close to a new high at open ($16 7/8) and 1 hour into trading the price was still above the opening price ($17), this usually predicts a gap up the following morning of trading. We were however, right at the threshold of a downward move down to a low of $10, which most likely represented a big round of profit taking. Recovery from that point on has been slow and steady at much lower volume than the sell off. I'm still sitting on a sizeable stake (thousands of shares) that were purchased over 1 year ago and haven't sold any yet today, so I think I'll ride out the storm and see what happens. Maybe we can get some help from a TA trader to give us their prediction? Frank

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