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Microcap & Penny Stocks : XSNI - X-Stream Network -- Ignore unavailable to you. Want to Upgrade?

To: Troutbum who wrote (2911)	10/10/1999 1:32:00 AM
From: early player	Read Replies (1) \| Respond to of 3519

What about all of those who have bought and sold the stock on a regular basis for a 50% gain every 30 days since Dale's first article? Dale is not a basher, he just see's things his way. This stock may still be somewhat of a mystery, but it is getting more interesting all the time. I for one will wait and see......

To: Troutbum who wrote (2911)	10/10/1999 3:33:00 AM
From: Dale Baker	Read Replies (2) \| Respond to of 3519

Berwyn, you miss the point of my style of analysis. I don't think it's worth trying to "guess" what a "mystery" stock is going to do when there are thousands of other good stocks that will TELL you clearly what they are up to. Why should I care whether XSNI suddenly emerges from the shadows and joins the "real" world of reporting stocks? The burden of proof is on them as a non-reporting BB stock. Calling them a "mystery" is perfectly plausible to me. I have traded dozens of other stocks since I first wrote about XSNI in May. Only one or two were BB's. Your questions: will XSNI see 1 mm subscribers? First tell me what it costs them to get a subscriber, what it costs to offer service, how many subscribers are still around after 2-3 months and how much revenue XSNI makes off each subscriber they retain. Then you can start to talk about the importance of subscriber numbers instead of tossing them around like a holy mantra dotted with exclamation points (a la Donkeyman). How many other countries will XSNI expand to? IRID went global and still landed in bankruptcy because their business model didn't produce enough paying customers. Again, tell me about subscriber costs and revenue and the question becomes relevant again. Will they be bought out? What exactly is there to buy? Where is the balance sheet? Do XSNI "subscribers" stick around or do they just dial the next free ISP's phone number when they get a busy signal? Does XSNI do anything that can't be easily duplicated? (I don't think so myself). Losses - I suspect the company is running at a loss now, and anyone who bought and held the stock since mid-May is losing money. I won't call XSNI a scam because they are clearly doing business. Just a mysterious business. Future guesses - that's really all the brain time I would be willing to expend on XSNI. I have a long list of other stocks to DD this weekend, all of which have audited financials that I can examine before I decide to buy. Good luck with this one. Let me know if you turn up any real news.

To: Troutbum who wrote (2911)	10/10/1999 3:46:00 AM
From: Dale Baker	Respond to of 3519

Its so easy to make the call on Monday morning after Sunday's game. You should go back and see what I wrote in May, my friend. That wasn't hindsight. tigerinvestor.com What's the lesson here? XSNI may actually be a great investment. Maybe it's the next AOL in Britain. I don't know because I never could turn up any hard information. But when you find a half dozen warning signs with 10 minutes of research, it's best to turn around and run like hell. The latest wave of Internet IPO's has created an enormous pool of promising young companies you can trade, companies with SEC filings, analyst estimates and respectable underwriters. Why play with trash, hoping for riches, when you can find plenty of 50% candidates elsewhere? If you insist on taking risks, here are a few basic rules: --Buy as soon as you hear the hype, as long as the stock isn't already up more than 100% --Have a mental stop loss point to sell and bail out if it's hit. Limit your losses, always. --If you get lucky and the stock goes on to double after you buy, sell at least half – or even better, sell everything. Take your profit, pat yourself on the back and sit back to wait for the inevitable "dump" phase to start (the best traders go short then if it is a marginable stock). --If you bought too late and the stock is on the way down with you still strapped in, just get out. Take your loss and move on. The story probably won't get any better with time. Mystery stocks are sexy and alluring. But more often than not, they bite back. Hard.