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Microcap & Penny Stocks : Xin Net Technologies - BB: XNET - The Next Internet Stock?
XNET 7.490+0.9%Jan 21 3:59 PM EST

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To: Matt Brown who wrote (1129)4/16/1999 8:22:00 AM
From: FFNEODOC  Read Replies (1) of 1593
 
Yeah Matt, I suspect you are right & would expect there to be
far less volatility in price in XNET as the long term investors have gradually replaced the day traders (& TA-Traders). As I suspected they will less interested in the stock because future runs will be far less predictable from a TA standpoint. I would look for the price fluctuations to track more or less along the path of NASDAQ, and specifically along with the NET stocks. I still don't think we are anywhere close to the full upper price range that this stock is likely to reach (given a rate of subscriber growth of >200%, compared to AOL's 50%, & PCNTF of 66%), so would still be looking at any short term drops as a "buying opportunity".
Happy investing,
Frank
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