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Technology Stocks : Genuity, Inc. (GENU) -- Ignore unavailable to you. Want to Upgrade?


To: the hube who wrote (38)8/22/2000 5:35:26 PM
From: Softechie  Read Replies (1) | Respond to of 456
 
John, Take a look at $4's to $6's price range and tell me how much trading going on there. You think smart short-sellers sold more at that price range or idiots got recruited by shorts pumpers?



To: the hube who wrote (38)8/22/2000 5:57:59 PM
From: Softechie  Read Replies (1) | Respond to of 456
 
John, Since 8/11 talking. Take a look at 3 points: $6 3/4, $7, $7 3/8. The $7 is the most traded price. So we have many buyers at $6 3/4 and I don't think they'll want to push that range again. Once it's holding or closing couple days at $7 1/2 then over $8 it will be trading.

There are 2 major trading ranges in the chart: $6 1/2 to $8 (8/11 to now) and $8 to $11 (6/28-8/10). The market is waiting for Verizon to finished with their union contracts and strikes settled before trading higher. Genuity is tracking with Verizon since it owns a major chunk of conditional-stocks.

Good luck