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Microcap & Penny Stocks : CMOZ, next cmgi
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To: Buddy M who wrote (926)3/7/2000 1:26:00 PM
From: Toby Zidle  Read Replies (1) of 947
 
Have you changed your opinion in a week, Buddy?

I got into CMOZ in 1/99 at $13/16 and out in two pieces at $2 25/32 and $4 5/8 (this part in 5/99). I consider myself very fortunate.

Since then I've followed CMOZ rather closely and occasionally post messages here. My current opinion is that CMOZ doesn't have the expertise to differentiate its web sites from the zillions of others. It's an OTCBB stock that will always be just another BB penny stock.

That doesn't mean you'll lose your shirt on it. Keep your eyes open, buy in at a low base-level price and watch for the P&Ds which occur about every six months. Sell then and make a very nice profit. But know that you're buying this stock not because Cozmos.com is 'the next CMGI', but because the stock is regularly pumped up by sleazy promotionists.

Annualized, you can make a very good return on your money this way. You run the risk, however, that one of these days CMOZ will run into its own financial bear and going into a death spiral, running down to pennies or no value for its stock.

CMOZ, as a potential total, worthless bust is no worse than a call option that expires worthless. It will just take longer. If you accept that some options can become 100% loss writeoffs, CMOZ is no more dangerous than those.

If you know what you're dealing with and are prepared for the risk, there's no reason you shouldn't play the game. I have a couple of other OTCBB stocks where I'm into a long waiting game for some hint of profit. But no CMOZ.
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