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Microcap & Penny Stocks : CMOZ, next cmgi

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To: G who wrote (613)	4/24/1999 9:21:00 PM
From: Toby Zidle	Read Replies (1) of 947

Gary Grobbel says 'accumulation'; G says 'distribution'. G then adds: 'cmoz moves sideways not a good sign.' From a purely technical viewpoint, CMOZ IS moving sideways, neither gaining nor losing to any significant degree in a month. This is neither accumulation nor distribution. Further it is not 'not a good sign' (double negative is intended). CMOZ is in a stage of 'CONSOLIDATION'. Stock is moving from hand to hand with a balance of supply and demand. It's in equilibrium. The demand forces pushing prices up are in balance with the supply forces pushing prices down. This is a NEUTRAL. It's likely to extend for some length of time until something in the market or corporate environment creates an imbalance of forces. Today we can't know which direction the next move will be in. Conventional wisdom says, however, that the longer the period of consolidation is, the stronger the response will be to whatever direction CMOZ will finally move in. Simply summarized: CMOZ is in neither a positive nor a negative pattern. And we'll just have to wait to see what happens.

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