Will CMOZ move up further... analysis...
Closed at $2.43 on 1,448,400 shares... will CMOZ move up further, I believe the answer to this question lies its trading pattern over the last few days... on Monday the price had a wild swing (from $4.00 down to $1.94 then closing at $2.07), this type of wild price swing is a clear indication that the price was far from stable... on Tuesday, its price broke the magic number of $2.00 again on about 2.66 million shares (sweeping all the way down to $1.00)... the volume was quite high at about 3 million shares but the price closed strongly at $1.72... then on Wednesday the volume dropped off significantly (only 927,300 shares) and the price moved up at the end of the day to close at ($1.81)... the decrease in volume and slight upward price movement yesterday meant three important things to me, 1) less volatility, 2) consolidation process in its final stage... of course, 3) if there is more to come with this company, than the price reveral indicated that a solid bottom has formed... today the trading was very encouraging, moving up swiftly in the morning to $2.50, back down to test $2.00 and then steady buying throughout the day to close the price at $2.43 on 1,448,400 shares... the volume was low compared to last week, again confirming consolidation has occurred and the stock is continuing to move into better hands, likely those looking for a much higher price... I think the lower volume and consistent buying has been a direct result of the PR firm in California and their ability to answer investor questions and make additional calls to new investors... I called there - very, very professional... judging by the action today, the price is moving higher in front of yet more news from the company... my call last week said they were working on a couple of major deals, the PR firm was excellent but not an acquisition, so I suspect more is in the coming and soon...
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