CMOZ... sure looks like gap open again tomorrow...
CMOZ... closed at $3.44 on 5,774,400 shares....
This play has moved beyond my technical ability to predict... I am a penny stock player and this is no longer a penny play... how high can the price go is the million $ question and right now it has nothing to do with logic... obviously more news is coming otherwise why would anyone buy... it seems to have a life of its own be driven by the e-commerce and internet craze in the US... one thing for sure, if US investors continue to buy tomorrow the price is going to gap and go higher... is this based in reality, don't ask me but I am hanging on for the ride...
This was one of the better (even best) days of my life... CMOZ open at around $2.00 and pulled back slightly in low volume... no real panic... the buying continued until it knocked at the door at $2.00, then SUDDENLY... the price ran all the way to $5.00, I sold as much as I could and within 15 minutes the price pulled back to $2.50... I quickly jumped back in a bought most of my position back (keeping a little profit for the wife and daughter)... I talked with a couple of MMs and they are not even sure what happened, it could have been a short squeeze but most think that as MMs calling around to buy stock at $2.00 (and no one had any), a couple reached up to buy, then a few market order were executed and the action began, within 20 minutes the price was at $5.00... clearly oversold at those levels and anyone who managed to sell was in a very pretty situation because the buy back was easy... I was lucky, I had just come back from the washroom and was getting a pen when it happened otherwise I would have missed it...
Good luck tomorrow, should be interesting to see what the company has in store for us... |
