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

To: lightfoot who wrote (263)	3/14/1999 1:00:00 AM
From: P.E. Allen	Respond to of 1593

I could not have said it better. You have identified the key to stocks moving higher. Two of the stocks have substance, news, etc. XNET right now is a coat tail stock, it is China ISP and has no tangible news, etc to make investors stay long other than hope. This is one of those stocks that can have a major retrace if people are sucked in at a 30%+ gap and there is no news and investors who have purchased the stock at considerably lower levels take profit and move on to the next run. I hope it does not but if there is a 30% gap on Monday, I will take profit. I purchased the stock on Friday at .64 cents, it is up from my purchase on the ask 56%. Should I wait for the stock to recover if there is a pull back or keep my money at work on the next run. As you can see by this weeks activity, all of the activity in these stocks came on the same day. Believe me you have to take into consideration investor sentiment. Will they remain long or take profit. How many times do you get 100% on your investment? Again you have two stocks that have substance in your example, is XNET equivalent to these two stocks.