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Microcap & Penny Stocks : CMOZ, next cmgi
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To: GARY P GROBBEL who wrote (620)4/27/1999 7:14:00 PM
From: TOPCAT1   of 947
 
Technical signs very positive... sure I would liked to have seen the stock price run up on the news of the BuckInvestor acquisition but I have a theory why it didn't... 1) prior to yesterday, CMOZ had previously traded for 28 days on about 12 million shares with the bulk of the trading between $1.10 and $1.20 but yesterday it broke $1.00 for the FIRST TIME... this frightened a lot of investors and caused many to take advantage of the buying the announcement brought in to sell (this keep downward pressure on the price allday but I was encouraged to see a lot of buyers around)... 2) down market today but.... as the day progressed it became clear that sellers were thinning and the price moved up nicely to close over $1.00 and 3) it will take more time for the BuckInvestor deal to get circulated, the flippers were in today but what CMOZ needs are the solid buy and hold people.... Conclusion: I think CMOZ is demonstrating strong signs of growth with revenue potential and it is just a matter of time before they gain more and more exposure with the net result being that more will buy stock... sure it is not fully known at this time about the level of revenues but this we know for sure... 1) two casinos are making money, 2) BuckInvestor and InvestorsGURU have been sending out stock News Releases and making good money (my notes indicate $11,000, $12,000 and $20,000 on the last three alone), and 3) banner advertisements generate money... more time is needed to see the full story, but clearly they are moving in the right direction...
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