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 7.180

+0.1%

3:59 PM EST

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To: Francois Goelo who wrote (274)	3/14/1999 1:17:00 AM
From: P.E. Allen	Read Replies (2) of 1593

The whole float turned over on friday and the stock is sitting at $1.00. Does this equate. The stock did not really start moving until around 2:30 after about 1.9 million shares traded. I have a question on the float presented. Don"t take this as a negative, this is just my observation in the trading of the stock. You would think that there would be much great price appreciation with the number of shares that traded. Positive: Monday if the float is correct and this is a prediction and since most of the stock was purchased between .40 and .89 cents we should see a $2.00 stock if we get volume of 500k shares and no heavy selling and no gap up of over 30%.

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