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


To: KENNETH DOAN who wrote (1380)6/3/1999 12:05:00 PM
From: Clyde Stone  Read Replies (1) | Respond to of 1593
 
there is no info on this site, or at least not very much....

if you want to know why the stock is going down, it is because of the extreme hype it has received from the french man, (or maybe he's italian) for the last 2-3 months, that coincided with the prior releases about Bill Gates in China. The stock climbed from .50 to $5-6 on virtually no news and now is reaping the natural decline and disaster of those who bought in at the high....

the company is sound enough with good conservative management, but not nearly the high flyer it was touted to be...

also,...the company has nothing to do with the previous symbol "xnet",...it did not fall from $20,.....it is not a spin-off of anything,....it simply is using the symbol that another company used before it was bought out....