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Microcap & Penny Stocks : CGCOC - New Web Portal
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To: hoffy who wrote (4)1/29/1999 5:30:00 PM
From: FingerLakes  Read Replies (1) of 95
 
If Commerce Group's stock follows the trading pattern of IMON and CMOZ, then we should definitely see a runup through the beginning part of next week at least before leveling off. CGCOC does have some things going for it that the others don't necessarily have. First of all, its a fully reporting NASDAQ stock. The book value is $1.65. The company has no debt and has about $300,000 to pump into its subsidiary Ecomm Group, and why wouldn't it? Gold prices are going nowhere. It's an ambitious plan they have laid out, and the chances of success are admittedly slim, but with the low number of shares outstanding, I would think that a share price of $4-$5 would not be unreasonable, at least until the website is up and running. I wouldn't be surprised to see it go significantly higher before falling back, though, especially the way internet startups have been trading!
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