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Microcap & Penny Stocks : ASK: "THE LAST DON" OF MOMENTUM TRADES -- Ignore unavailable to you. Want to Upgrade?

To: sean who wrote (14401)	6/14/1999 11:11:00 PM
From: Kenny	Respond to of 15987

Hello all, XNET should rebound today due to AOL investment on China.com and its IPO: Hong Kong, June 14 (Bloomberg) -- America Online Inc., the world's largest Internet service provider, said it bought 10 percent of China.com Corp., a Hong Kong-based Web site operator that is about to sell shares for the first time. China.com, which plans to sell $50 million of shares on the Nasdaq stock exchange as soon as this week, runs bilingual Web sites in China, Taiwan and Hong Kong. The company is awaiting approval by U.S. regulators for the sale. ''Concept-wise, it can stir some excitement in the market,'' said John Lai, chief investment officer at Nikko Global Asset Management (H.K.) Ltd., which manages about $200 million in the region. ''You have a strong shareholder in AOL, which you can borrow experience from.''