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 7.770

-1.1%

Jan 14 3:59 PM EST

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To: Francois Goelo who wrote (1080)	4/13/1999 10:52:00 PM
From: FFNEODOC	of 1593

FG, I suspect TA Traders took their profits during the "pop" to almost 5 today, and are not as interested in subsequent runs because they become less predictable. Typically when momentum is interrupted by a major profit-taking sell off (as it was today), "investors" & day traders become more cautious and don't jump on the train with more buying, because they don't want to get burned holding shares that are suddenly worth less than when they purchased them just a few hours earlier. Subsequent runs are also more influenced by many unknowns including "general market sentiment", which we have seen recently, can vary drastically from day to day (minute to minute). If the fundamentals of the stock are there and there are no major "market manipulators" playing their games, we should see the stock gradually achieve it's potential and move upward to new highs. Hopefully this is what will happen to XNET & many other of the Asian Achievers (not as catchy as Pacific Princess) that you follow through your thread. My opinion only, Frank

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