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Microcap & Penny Stocks : Genesis Media Group, Inc (GNNX) -- Ignore unavailable to you. Want to Upgrade?

To: steve mcruiz who wrote (746)	5/7/1998 12:05:00 PM
From: DavidCG	Read Replies (1) \| Respond to of 3129

Valid question. Basically, if people see value in anything... they will buy in volume. MM's best friend is LACK of volume... because they can drop the price in order to get the volume up, and hopefully get a few shares. Notice how they always step aside when a news release comes out about contracts. They know the buying volume is going to be extrordinary and they'll move it up. Remember, 8-9 days seems mentally a long time to you if you are a short term trader. And you might get the notion that there are other things to put your money into. The MM's are counting on this bit of trader psyche and don't want to make it worth your while to stay in the stock for 8-9 days. Of course they'll be more than happy to zoom up the stock price once news or financials comes out... making you buy high once again, and sell low while you wait for more news and volume decreases after it takes place. I prefer to buy low now, and not on some emotional spike down the road. Again 8-9 days is not a wait... its a vacation for good buying ops or just sit and holding. Good Trading! (even as we speak, the stock moves higher off lows to 1.56 X 1.625) -DavidCG