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To: Sprintcar who wrote (813)3/16/1999 3:28:00 PM
From: Francois Goelo  Read Replies (1) | Respond to of 2662
 
Sprintcar, could be, but look, IMOT is already recovering from low of $5.00. eom



To: Sprintcar who wrote (813)3/16/1999 4:45:00 PM
From: Jeffrey L. Henken  Read Replies (3) | Respond to of 2662
 
Sprintcar what you are seeing is the age old battle between fear and greed. A stock runs up 300% in a few days and there is bound to be some selling.

There was no news.

Some people take profits.

Some people who bought too high sold into the slide fearing they will lose more than they have already on paper.

It's not rational behavior but emotion that rules most people's trading decisions. XNET is on the index because I could add it at a rock bottom price. Francois and others have done a masterful job of expressing their beliefs that this company remains undervalued. Despite that rational even Francois took some profit in XNET to protect his principal. No one should blame him for sticking to some basic rules that he has obviously set up for himself.

He did the right thing because with that cash he could have bought even more XNET close to $1 or set the cash aside for a new opportunity.

Anyway the stock bounced back up from $1 to close at a pretty nice level. What happens to XNET when there is good news? Instead of asking where the major dump of shares came from we will be asking...

Who is doing all the buying?

Regards, Jeff