Genesis Media Group, Inc (GNNX) Message Board

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

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To: Charger who wrote (779)	5/8/1998 12:07:00 PM
From: DavidCG	Read Replies (2) of 3129

Roger, I'm like you... I'm not a person that easily falls into the notion that MM's just happen to short every stock that doesn't produce immediate results for me. It's unrealistic, and well... wrong to assume that the stocks we follow that aren't producing results in price are immediately being part of some short plot by the MM's However, being in the game long enough... I see two reasons that stocks of mine have fallen quickly. 1.) People sell it off in mass quantities... panic ensues, and it makes sense that the price falls... thats what happened to BAAT at $3 2.) When I see buys and sells equal each other out, OR slightly more buys than sales... these are the issues where I believe something insidious is taking place. And it is MUCH easier to see when the stock has a low float. DGIV has a float of 6 million GNNX has a float of 4.5 million I'm not seeing a large amount of sells or buys... on gnnx today, are you? Volume is pretty lackluster... yet we drift lower. Even though, I believe the buys and sells are basically equaling out today. This happened to DCTC in the 1.40 - 1.50 area... then the MM's dropped it to 1.30 - 1.40 range... effectively killing all volume (sells and buys alike) Note the lower we get in price here... the less volume is occuring. 33,000 shares thus today... very very slow.. yet I'm staring at a 1.375 bid, and I know for a fact, a lot of those trades today were buys and some sells too. Anyway, I'm with you. I would love to buy 10k more GNNX at $1.00 But with this stock, it is easy for me to believe that the MM's have a short position because it is acting like a stock which had one (DCTC) before the huge spike in price. Any new contract of significance will indeed screw them over. Because think of how little of those 4.5 million shares they must be holding. Good Trading! -DavidCG

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