Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Technology Stocks : Genesis Microchip (GNSS) -- Ignore unavailable to you. Want to Upgrade?

To: John Liu who wrote (507)	11/15/1999 4:41:00 PM
From: Greg Jung	Respond to of 1277

Stock movements are not always related to news, today we were bound to get a mix of profit takers and new buys, its healthier in the long run for the price to take a breather. Only in the hype stocks can the normal news be credited with price movement. GJ

To: John Liu who wrote (507)	11/15/1999 5:56:00 PM
From: Sid Stuart	Read Replies (1) \| Respond to of 1277

Any thoughts on why it is dropping today with this pretty good news. Fear of Alan?

To: John Liu who wrote (507)	11/15/1999 6:13:00 PM
From: The Ox	Respond to of 1277

I don't think today's action should be troubling to any of the longs here unless you are position or day trading GNSS. The stock pretty much washed out on the 8th and 9th and has seen a very nice rebound since then (about 30% improvement in 3 days, before today's action). Today's slight retracement looks like normal profit taking from those buyers who have come in lately and have had a very quick reward. We saw some decent trading near the end of the day and the stock didn't fall off a cliff. It also wouldn't surprise me to see the stock close the gap from a couple of days ago which would probably scare away a lot of the short termers. We know that AG/FED will rock the market tomorrow, whether by direct action or lack thereof. Unless you are over extended, I wouldn't be worried by today's movement. These are simple opinions of mine and each has their own issues and investment/trading strategies. I still think this is an excellent company to invest in but I've been wrong before and I'm sure I'll be wrong again in the future<g>. Hope this helps, Michael