SI
SI
discoversearch

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


To: Sprintcar who wrote (482)3/17/1999 10:53:00 PM
From: Matt Brown  Read Replies (2) | Respond to of 1593
 
I doubt that happened...Can't find it anywhere on my charts..

But if it did, that is really a good thing. The daytraders/hypesters/touters are out, and we don't have to worry about them doing anything like that again.

Don't beleive everything you see on Message Boards. Half the time, they are full of crap.

I think that if someone owns 500k of a 1.50 stock, they should have enough money to post on a slightly higher-quality board than RB. Take posts on there with a grain of salt.

Just my .02,

FM



To: Sprintcar who wrote (482)3/17/1999 10:54:00 PM
From: interesting man  Read Replies (2) | Respond to of 1593
 
If its true, Im glad they dumped. Now the stock can go back up on its own merits. I dont like pr firms in general.



To: Sprintcar who wrote (482)3/18/1999 7:23:00 AM
From: Dorine Essey  Read Replies (1) | Respond to of 1593
 
Hi,
I am confused. Some time ago someone posted that this was XNET's website
chnmail.com

If that was the case, why this new one xinnet.net

Dorine



To: Sprintcar who wrote (482)3/18/1999 7:57:00 AM
From: FFNEODOC  Respond to of 1593
 
I suspected there were 2 very large dumps of shares (See my Post #444)

that occurred on 3/16. These were large blocks of limit sells, 1 @ $1.5 in the the morning & 1 @ 1 1/8 that occurred from 11:30am until 2:30 pm. The recovery that occurred later that afternoon to above 1.25 would imply that those shares are now long gone.



To: Sprintcar who wrote (482)3/18/1999 8:30:00 AM
From: LT  Respond to of 1593
 
one of the promoters of this stock the other day dumped 500,000 shares

Yep that's sure what it looked like in the run up. Some one was dumping maybe 5k or 10k blocks, inter spaced between buys for several hours. By inter spacing the sells between the buys the stock doesn't crash suddenly, nor does it go up either. Kind of slowly drains :(

Many times shares are out to promoters, perhaps even from well before the spin off. When the stock goes up they dump. If that's it for the shares used to promote, then we are ok.

I don't know for a fact this is what happened. It just looked to be the case.

LT