Hey Bong,
Concluded my homework on yesterdays trading. My strong opinion on the
matter is that one of the Market Makers, "Frankel" has a short position of in excess of 950,000 shares they need to clean up. With no one selling, they have a major problem....As you see they dropped the price with no trades, and are trying to accumulate as much stock as they can...My opinion is that this is a very critical point for them.
If we hold out, they will be washed...I guess we will have to see who the true holders of Genesis, really are...... We are talking over half the float....Someone will end up holding the bag.... As my opinion tells me, alot of purchases we bought yesterday naked, and did not show up on the Tape.... They have to be replaced from some where..
I guess we will just have to wait and see.
Happy Trading |
