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Microcap & Penny Stocks : MXNT >> MaxNet Inc. >> Undiscovered Web Portal >> MXNT
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To: jds who wrote (180)2/3/1999 2:50:00 PM
From: Andrew H  Read Replies (1) of 1125
 
Often, but not always, if higher prices are in store tomorrow for a stock that has had a substantial gain, you will see people buying in the last hour in anticpation of a gap up the next morning and higher prices the next day. This is exactly what happened to MXNT yesterday--prices took off in the last half hour.

We have had quite a gain here, from 1.25 to 3.00 in just 2 days. Some have taken profit but others are still buying. At the moment the stck is holding. The last hour may tell us something about the direction tomorrow. Then again, it may not. I like the trading pattern here so far today. MXNT is holding its gains nicely. These are just very general guidelines and nothing you can rely on. The market is extremely difficult to predict. All IMO.

Even if we don't move up in the last hour, if we can close at 3 or better, I think tomorrow will show higher prices.
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