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 7.210

-2.4%

Dec 26 9:30 AM EST

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To: Sprintcar who wrote (409)	3/16/1999 2:22:00 PM
From: LT	Read Replies (2) of 1593

Volume has slowed way down 2-5 minutes between trades in some instances. A bunch of 16,000 share sells went through, that tick pattern on real time + - + - + - indicates to me someone is sitting on a pile of paper and an MM is selling it between buys (dumping). This in effect drains the stock and we are just throwing money into the wind at this point until the pile of shares is gone. Usually by then folks give up on buying. This is how it appears anyway IMHO. it's not a MM shakedown, it's a sell off. By some one, I doubt it's the folks that have been buying recently. LT

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