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

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To: Mike Sawyer who wrote (2308)10/7/1998 9:08:00 PM
From: Harry_Behemoth  Read Replies (1) of 3129
 
There are many possibilities that could explain today's weird trading. It could be as simple as Tina cashing out or someone raising cash to meet a margin call.

I thought the news would help the stock form a solid bottom around 3/8 but I was way off. Then again, predicting a bottom is next to impossible on a BB stock.

The news claims the company will have a blowout fourth quarter. If we can believe them (I think chances are 75%) we have some time to accumulate. If someone wants to sell cheap, fine.
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