Genesis Semiconductor (GNSS)

[ljk]

The market's very jumpy right now and seems entirely unpredictable. Most people are expecting a big correction but the corrections that occur have been not as deep or as long as expected, I think probably because the money on the sidelines is using the opportunity to jump on the back of the bull market.

I play some stocks up many thousand percent in a year, real high flyers and when they swoon they've consistently come right back into making new highs. I keep thinking it will stop and I lighten up on them or sell out, watch for a while, and then jump back on them, usually buying back higher, for another ride.

GNSS is obviously not one of those stocks but it seems like the market direction and strength is as important as the fundamentals of the company right now. Actually, GNSS is still probably lagging its group so I'm wondering if it might get popular and go up quickly at some point.

Tom knows more about the fundies than I, so let's see what he has to say.

Linda