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Microcap & Penny Stocks : MXNT >> MaxNet Inc. >> Undiscovered Web Portal >> MXNT

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To: marvin smith who wrote (527)4/15/1999 11:32:00 AM
From: WallStreetTips  Read Replies (1) of 1125
 
MXNT >>> Keep in mind stocks just do not go up everyday

Today's correction in Internet sector is seen very healthy and this should spur nice rally from hereon. MXNT is still a development stage company and has still to become reporting to gain investors confidence. We should be glad that it has gone up from $2 to $7 despite some uncertainties.
With the heavy volumes and price holding over $5 makes it easier for company to get a Nasdaq listing. It helps meeting few criterias like Minimum market capital, Stock price above $5, volumes/liquidity etc.

Also little shakeout is normal in Internet stocks. This is common and so I call investing in Internet stocks as journey on a roller coaster ride.

Just my views.
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