SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Genesis Media Group, Inc (GNNX)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TechWiz who wrote (2483)12/22/1998 12:05:00 PM
From: Tom Brown  Read Replies (1) of 3129
 
I hope you plan to point out the errors of my thinking. Here is some data for you to review. Table below shows volume, high, low, and closing price by week:
10/30 87500 .37 .25 .37
11/06 673200 .37 .21 .26
11/13 265500 .28 .18 .21
11/20 492600 .25 .18 .21
11/27 348800 .22 .15 .16
12/04 1105300 .18 .14 .17
12/11 1211800 .38 .14 .17**
12/18 1372600 .17 .12 .15
** On 12/07, the volume was 602800, hi was.38, lo was.14, and close was .21.

As you can see, the average weekly volume almost tripled, but the closing price hasn't changed that much since 11/06. I still suspect that the Company or insiders are buying out the market makers, possibly to prevent litigation, as m/m were not happy, in my opinion.

TechWiz, do you have another explanation for this?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News