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No. of Recommendations: 0
As for those who wish to sell:
First, there is little interest or action on this board, which is good. This is an extremely quiet stock, so if you believe in their business model, it is a good chance to buy.
Additionally, there are virtually no brokerage firms that cover the company. Just one that I know of and it is not a major one-this means most brokers are not allowed to purchase this stock yet. Due to litigation risk, brokers are not allowed to purchase stocks which are not covered by certain instituitions.
Also, in case some missed it, GENI recently announced that they felt their shares were significantly undervalued and announced plans to repurchase shares. This buyback has already started.
Me, I am long as I have confience in GENI's core capability of marketing, first mover advantage, and it's ability to leverage these assets via the Internet.
The stock seems to have found support at about 14.5. Yet, due to the paltry volume traded, this stock could get hammered if the NASDAQ were to correct again.
Still, I am monitoring the company as it continues to build its Centerlinq system. People may buy on the Internet, but I believe consumers will always visit malls for the social aspect, to touch and feel products, for the ease and convenience of service and returns(much easier to go to the local mall, than the post office), and for the immediacy of purchase-at times, who can wait for that new sweater or CD, or pay extra for express shipping.
As this is a company with a small folllowing and little public attention, I would greatly appreciate any thoughts/information from others.
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