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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 (419)	3/16/1999 9:13:00 PM
From: FFNEODOC	Read Replies (1) \| Respond to of 1593

My Analysis of the chart today; There were a few very large limit sells that contributed to a decline for most of the day. 1 at $1.50 between 10:30 & 11:30am that sucked up all the buying activity during that interval. Another at ~ $1 1/8 that sucked up all the buying activity between 12:30 & 2:15pm. Once that selling was done, the stock price recovered nicely, especially during the last half hour of trading... a time when the rest of the major markets were declining. At any rate, it looks like whoever was holding those shares has now been shaken out of the market, and this might portend a nice recovery tomorrow. I'm new to the TA field, but maybe some of the TA traders out there can tell me if my analysis makes sense. The URL of the chart I'm referring to: bigcharts.com