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Non-Tech : GENI: GenesisIntermedia.com Inc
GENI 10.56-6.3%3:59 PM EST
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To: tradermike_1999 who wrote (76)5/11/2001 2:29:25 PM
From: H James Morris  Read Replies (1) of 574
 
Nice move, Genesis puts squeeeeeeze on shorts.
From todays LAtimes.
>An investing phenomenon called a "short squeeze" has driven the price of money-losing direct marketer GenesisIntermedia Inc. of Van Nuys to record highs, sending its shares up nearly 40% in just the last five days.
Shares hit a 52-week high of $16.35 on Thursday, before settling back to close at $15.79 on Nasdaq, up 93 cents for the day. The stock has jumped 177% this year.
latimes.com
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