CITN....It warrants a look.
I think everyone should consider playing this one on Wed.
It traded unusually high volumes today, and went above $2.00 intraday. The stock closed at $1.50, basically up 14%, but it was trying hard to creep above $2.00. I think the MM's are going to really push this stock as CITN is on the verge of spinning off its www.shoppingwave.com site into an IPO. The story alone, especially if the Internet rebound conitnues, could make this a super easy 1 or 2 point gain. I'll be watching it closely in the morning.
Check out the site www.shoppingwave.com, it is really nicely put together and has a lot of potential. Here is a quote describing what they do....
"Shoppingwave.com includes on-line courses and information on how to do almost anything, from fixing leaky faucets to creating macros in Microsoft Excel™. The first "wave" will include interactive, on-line training courseware for the Software industry's to applications from companies such as Microsoft™, Netscape™, Lotus™, Symantec™, Intuit™ and Adobe™. Another "wave" will be an e-commerce outlet mall that will create a new experience for on-line shopping in the future. Details of the outlet mall will be "rolling-in" soon."
This one has the makings of a real gem!
Later,
CM
Ps...say a prayer that I'm not eating my EGGS for breakfast tomorrow!
The CEO is on CNBC power lunch...I'm hoping that will save me :) |
