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

To: jhs565 who wrote (2310)	10/7/1998 11:05:00 PM
From: Ted M	Read Replies (1) \| Respond to of 3129

Perhaps the selling was prompted by shareholders disappointed from the press release, but I doubt it. I didn't see anything negative, although the use of the word 'spectacular' did bug me a little while at the same time provided hope. Regarding the last trade: The fact that the last trade was up 50% on very few shares would suggest to me that the market maker(s) didn't want to show a huge pct drop for the day. I've seen the same thing in other low prices stocks. The question is--are they encouraging the drop or are 'real' shareholders giving up? I bet the mm's are doing it. In the face of pessimism and market weakness a very successful strategy to further enhance seling would be to encourage weakness coincedent with company news. Just my hunch on that. Regarding volume: Even though the volume looks fairly high, it really isn't in dollar terms because the price has dropped so much. Using equal dollars the volume at a price of .25 is 4 times as much as at a price of 1 dollar. Tina's departure does look bad, but we don't know the details. All things considered, I'd say this would look worth buying at around .15 for a short term profit only at this point, IMO, as a play along with the mm's. If news comes out that is actually verifiable, the ride up will be significant but until that point, our scepticism is our safety net. Best of success--especially to LT. Ted