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


To: Tom Brown who wrote (2076)8/13/1998 11:38:00 AM
From: nobody  Read Replies (2) | Respond to of 3129
 
I don't think much of all this technical analysis. Most of it is just that; technical analysis! If we had more solid news and numbers none of this technical analysis would have held up.

Don Logan told Hootermonger ,#2025, that he expects financials to be out by August 17. That is the day when they also have announced their PR department will open. For some reason or other I think they want the big bang to occur on that day. If they had chosen an earlier day all this TECHNICAL ANALYSIS would have turned up to be hogwash.

We can make as much analysis as we want and if there isn't much happening on the part of the company, then we sure could easily hit .1 or lower in the coming months without any TECHNICAL ANALYSIS!!!!!

.....and it doesn't take a genius to figure that out. The farmer who knows just as much grammer as the calves he owns can figure that out with his common sense!!!




To: Tom Brown who wrote (2076)8/15/1998 12:45:00 AM
From: Russel W. Kennel  Read Replies (1) | Respond to of 3129
 
I'm probably off track on the os shares. But the os went from 6.8 mil to almost 22 mil almost overnight. To me, that changed the "value" per share to 1/3 of the former, and without a confirmed increase in the earnings outlook, you may as well cut the price of the stock by 2/3 in order to compensate. Of course we are assuming that the outlook has improved since then, but that has not been confirmed with hard numbers yet, and seems not to have been verified in the traditional manner.

I put my GNNX proceeds into a stock that is now 1/5th the price I paid two months ago, so I'm no better off than you who rode GNNX down from $2 to $.50. Oh well, that's life in the fast lane. But I am even buying more, (of the other "AMEX" stock) averaging down.

Good luck

Russ