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 7.105

-0.9%

Dec 31 3:59 PM EST

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To: P.E. Allen who wrote (243)	3/13/1999 2:46:00 AM
From: lightfoot	Read Replies (1) of 1593

*What do you mean? <THE GAP IS A TRAP???>* It is not the kiss of death!** Here is a chart of IMOT bigcharts.com Here is a chart of SHAL bigcharts.com Here is a chart of XNET, it actually gapped up today! and it did not die! bigcharts.com These charts show the gap up, the quick sell off and the subsequent rise. The key is not to sell out too early in the run! The traders and the market makers use these gaps to their advantage. In the case of XNET, there is no news that we are waiting for monday. It is only the expectation that the XNET run may mimic IMOT, and it certainly could. There are some things with XNET that could drive this for 3-5 days or longer. Gates visit to china, bandwidth issues (which XNET looks to have an inside track), web hosting increases, SEC filings coming, and market sentiment. The gap up is not the problem, it is when the greater herd stops chasing the stock and moves on as shown on this chart of MRPS. Note the MACD crossover the day before and the steep declining lines the following morning. bigcharts.com

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