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


To: Mike K who wrote (1724)7/13/1998 8:14:00 PM
From: Loren S.  Read Replies (1) | Respond to of 3129
 
Has anyone spoke to company lately? Is there anything out there that might be behind the drop other than MMs or lack of patience among investors. Also when will we see next quarter's numbers? This is either a great buying opportunity or another painful penny stock spanking.



To: Mike K who wrote (1724)7/13/1998 8:26:00 PM
From: Y2k_fan  Respond to of 3129
 
I sold all my GNNXes, attribute to 1/3 of today's volume.
I am tired of penny stocks. Have fun!



To: Mike K who wrote (1724)7/14/1998 12:25:00 AM
From: LT  Read Replies (1) | Respond to of 3129
 
Well it appears it headed lower Mike. The volume was not remarkable, doesn't seem to indicate a large sell out. Y2k alone was responsible for a fairly good chunk of it from what he said. His sentiment on penny sticks is shared by many, but I am not convinced that it's all doom and gloom.

It is thought by many to be a fairly sound company, as penny stocks go, you may see some rebound buying then a move on any positive news. If they can scrape up any good news I am sure GNNX will :))

Everyone will have to make up their own mind what they want to do based your individual entry points. But I am thinking all the wind isn't our of her sails yet :)))

LT