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

To: JC Reddy who wrote (1658)	7/10/1998 1:42:00 PM
From: LT	Read Replies (1) \| Respond to of 3129

Is this in anticipation of 2nd quarter earnings.....does someone know something we don't........ LT

To: JC Reddy who wrote (1658)	7/10/1998 1:46:00 PM
From: FARRIS	Respond to of 3129

Interesting to read the opinions of the past few days -- look like the one person who called it right was a "trial member." I sold my GNNX a couple of weeks back -- happy to say that now. I think that a .50 bid is not far away -- unless there is some positive action by he company. I really like what these guys are trying to do -- but being involved in the Telecom industry now -- the figures they throw around can be very deceiving to investors. $160 million in revenue is not squat unless a good slice is profit. These guys own what? Switches, circuits, high-speed software? Nope. Minute prices are falling fast and the people who get handed their a$$es in that environment are the ones who do not own the means to deliver the volume themselves. I am not a naysayer -- I just think the price of this stock was too high -- wish I had sold on the real run-up! I think .75 is fair, but once it heads down, it generally continues to do so. Looking for a .50 bid -- then I spend some of my profit. (bought quite a while ago in the .40s, by the way.) Eric