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Microcap & Penny Stocks : Xin Net Technologies - BB: XNET - The Next Internet Stock? -- Ignore unavailable to you. Want to Upgrade?


To: P.E. Allen who wrote (243)3/12/1999 4:26:00 PM
From: Sprintcar  Read Replies (3) | Respond to of 1593
 
I have been watching this thread for a few day now and am considering investing in what I think is a great opportunity. As far as P E Allen is concerned he is the pump and dump expert of catv, and an individual
who has no credibility with anyone....

Good Luck to all your Investors

Sprintcar



To: P.E. Allen who wrote (243)3/12/1999 7:36:00 PM
From: majormember  Read Replies (2) | Respond to of 1593
 
>Remember these words: If this stock gaps on Monday it is dead.
>>Repeat If the stock gaps It is dead.
>>>Check on all stocks, especially OTC-BB stocks that gap die

P.E.A.,

Ah Ha', now I get what you are "trying" to say.
If a stock Gaps DOWN, you are dead.

As for ones that Gap UP, how about:

PNLK 1.20 to 5.25 (two days)
DGIV had some beautiful gap up's from .50 cents to $8.00
IMOT
MLRE
WINR

Just a "few" that come to mind that had big gap up's, had the
usual MM games around 10:30....1 PM, etc. to shake the tree's,
and continued up for incredible profits in a few days.

Basic TA on Gap UP strategies:

When a stock gaps up, if one hour after trading, the present
price is higher then the opening, GO LONG, BUY...

There are modifications to this rule, but if you need a
refresher TA jolt, go to TATRADER's Gizzard thread.
He is one of, if not the best TA on Silicon, and I'm
sure will answer any questions of yours on TA.

Cheers,
Skane



To: P.E. Allen who wrote (243)3/13/1999 2:46:00 AM
From: lightfoot  Read Replies (1) | Respond to of 1593
 
What do you mean? <THE GAP IS A TRAP???> It is not the kiss of death!
Here is a chart of IMOT
bigcharts.com
Here is a chart of SHAL
bigcharts.com
Here is a chart of XNET, it actually gapped up today! and it did not die!
bigcharts.com
These charts show the gap up, the quick sell off and the subsequent rise. The key is not to sell out too early in the run! The traders and the market makers use these gaps to their advantage. In the case of XNET, there is no news that we are waiting for monday. It is only the expectation that the XNET run may mimic IMOT, and it certainly could. There are some things with XNET that could drive this for 3-5 days or longer. Gates visit to china, bandwidth issues (which XNET looks to have an inside track), web hosting increases, SEC filings coming, and market sentiment.

The gap up is not the problem, it is when the greater herd stops chasing the stock and moves on as shown on this chart of MRPS. Note the MACD crossover the day before and the steep declining lines the following morning.

bigcharts.com