Invalid path on new Git installation

Can anybody help me with defining a valid path to a Git repo on a new installation? I just built Git on a webserver (a VPS so I have root access). When I try clone or push I get this error:

fatal: '/git/watchsite.git': unable to chdir or not a git archive fatal: The remote end hung up unexpectedly fetch-pack from 'ssh://me@mydomain.com/git/projectname.git' failed.

Why this when I can use wget on this path: wget mydomain.com/git/projectname.git/file.html The above successfully downloads the file, so the path is valid, right? I also did "git init" on the remote repo (not sure if that's necessary?).

I tried the following commands locally and all fail with the error above:

git clone ssh://me@mydomain.com/git/projectname.git/

git clone http://mydomain.com/git/projectname.git/

git push ssh://me@mydomain.com/git/projectname.git/ master

Is there a syntax error or something I need to set up on the remote server?

Thanks,

Marcus