ASK: "THE LAST DON" OF MOMENTUM TRADES Message Board

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Microcap & Penny Stocks : ASK: "THE LAST DON" OF MOMENTUM TRADES

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To: DablocTrader who wrote (11063)	4/7/1999 9:04:00 AM
From: Popiye	Read Replies (1) of 15987

From the Raging Bull.. By: riskybiz Reply To #2803 by Soluf Wednesday, 7 Apr 1999 at 8:02 AM EDT Post # of 2820 Nice XNET comments from Yahoo board. My buy order is loaded! XNET at the Opening Bell - Yesterday's late afternoon announcement regarding XNET was missed by the majority of people and not fully digested others! While the company essentially reconfirmed the information many of us posted on boards such as Yahoo, Raging Bull, SI, etc., the company disclosed plans to arrange for a $5.5 million private placement of restricted shares to help fund its 2nd quarter planned services in Shanghai and Taiyuan, two key cities for which licenses have already been granted. As stated in the press release, "with this new capital infusion, the company plans to implement a major expansion plan. Expansion to four major cities (including Shanghai and Taiyuan) and introduction of new E-Commerce sites, the company sees significant near term growth potential in both subscriber base and revenues." Absent from the press release though was XNET's joint venture agreement with Unicom China to offer their e-mail to Pager service to Unicom's customers and their strategic alliance with other Internet companies, including The Internet Advisory Corporation (OTC:PUNK). From all appearances, XNET resembles AOL when it was in its infancy stage (not much respect and attention). No one thought much about AOL then but look now -- a staggering 156 billion market cap company rumored to buy CBS. I would be greatly surprised if XNET did not finish up nicely today, especially in light of yesterday's excellent press release sinking in the minds of many! People have to be thinking could this really be the next AOL of China? I would imagine many people will not take the chance of missing out on what is now considered a golden buying opportunity!

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