Genesis Media Group, Inc (GNNX) Message Board

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Microcap & Penny Stocks : Genesis Media Group, Inc (GNNX)

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To: BILL L who wrote (754)	5/7/1998 1:38:00 PM
From: Douglas V. Fant	Read Replies (1) of 3129

Bill, I have been watching GNNX trade activity today. there has been no trades in the last 30 minutes or so. In that period the various MM's have posted bid/ask prices that range from $0.62/share to $2.37/share - but always with a $1.00 spread between the bid and the ask-ha! You are right- the MM's are apparently buying/selling the stock in order to make a little profit off the stock's price swings too, and not just getting the "bite" they take for each trade... Well- we just got a trade- and not too surprisingly the shares traded @ $1.59/share, the same price where most trades in the last two and 1/2 hours have occurred.... Watching trading closely today makes me think that a price under $1.50/share is a good price based upon market support and a place to put a buy order if ever GNNX dips... Sincerely, Doug F.

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