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Microcap & Penny Stocks : Genesis Media Group, Inc (GNNX)
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To: LT who wrote (1693)7/11/1998 12:04:00 PM
From: TechWiz  Read Replies (2) of 3129
 
LT,

The gaps are often support lines for a stock. In this case
I believe the stock was brought down to fill the gap and like I
mentioned in my post during the day yesterday that if we close
back up close to $1.00 we are going higher. The candle pattern
for yesterday created a perfect hammer which usually points to
a reverse in the trend. We should go higher next week. This almost
always works on Nasdaq stocks, I will need confirmation to see
how the BB stock reacts.

Techwiz
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