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


To: Loren S. who wrote (810)5/9/1998 4:48:00 PM
From: Mark[ox5]  Read Replies (1) | Respond to of 3129
 
Your dead on Loren. There is a lot of skepticism that the co. is for real. None with me, and none with many of the shareholders.

But the people who will move the stock upward, are people not in the stock yet.. "new money", and they have to be convinced! And they should be in the upcoming weeks/months.

And I dont think the MM's are "holding" the price down at all. I think you have a lack of interest, because in general most OTC-BB investors are very short sighted.. they got their 2-3 day profit and left.

So now you have the stage where you see some selling.. not much... and some buying... not much... and the MM's will drift the price lower while there is not much buying demand. Nothing unusual here. Just takes patience!

This is the exact point I sold my DGIV shares that I bought at .60... I sold because the stock was just drifting for a week or two. (heck of a dumb move on my part) Now, GNNX has nothing in COMMON with DGIV except it has very similar trading tendencies.. so that is the only reason I point to that example. GNNX is still unknown to the masses...

Mark