Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Xinex Networks -- Ignore unavailable to you. Want to Upgrade?

To: Veritas who wrote (581)	5/12/1998 8:08:00 PM
From: AuldDruid	Respond to of 693

A doubling spike could also develop quite easily on news of a joint venture partner or other secure financing. . . but I can't help but agree that, at least for the very short term, a spike to double or triple would not be sustainable. There are, as someone said earlier, a gazillion shares out, and many people are tired of holding them and so will sell. More just bought them recently at .15 to .25, and a double over a matter of weeks is going to look like gravy to them. The spike could easily be tradeable with these volumes, and a new buying opportunity could come up in the valley beyond. Then it could get into stronger hands(perhaps ours if we like what we hear) for the steady advance that may come from having a product in demand, as Ruby suggests. I'm going to be watching for this pattern, because I agree with you that market psychology here is initially more important than numbers and p/e's, for that first rush on good news. Let's hope we get some! Murray